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 Vulnerable Towards 7860

USDJPY Vulnerable Towards 7860

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-jpy_body_usdjpy.png, USDJPY Vulnerable Towards 7860

Prepared by Jamie Saettele, CMT

“The environment is conducive to false breaks as the pop above 80 demonstrates. As mentioned last week, “viewed in light of 3 wave advance from 7765, I’ll need a move above 8061 before I can trust USDJPY strength.” Until then, the pair is vulnerable.” There is nothing else to note than we are in a range and even breaks are not to be trusted in the low volatility environment.

LEVELS: 7810 7860 7912 7955 8010 8060

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