News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
USDJPY Trades Between 79-80 for 6th Day

USDJPY Trades Between 79-80 for 6th Day

Jamie Saettele, CMT, Sr. Technical Strategist

60 Minute Bars

eliottWaves_usd-jpy_body_usdjpy.png, USDJPY Trades Between 79-80 for 6th Day

Prepared by Jamie Saettele, CMT

The USDJPY has traded sideways for 6 days since the bearish key reversal last Monday. Such action often presages a weak market. 7860 remains the key longer term pivot but the Monday reversal isn’t consistent with a larger bull market. Exceeding 8000 while remaining above 7912 would be a good sign for bulls.

LEVELS: 7810 7860 7912 8000 8060 8150

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.