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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
USDJPY 7790 a Level to Keep in Mind

USDJPY 7790 a Level to Keep in Mind

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Candles

eliottWaves_usd-jpy_body_usdjpy.png, USDJPY 7790 a Level to Keep in Mind

Prepared by Jamie Saettele, CMT

A deeper look at price action reveals that last Friday’s low was several pips from the close of the 9/13 low (Fed day). The reaction at that level is telling. The USDJPY remains constructive against 7743 although a deeper retracement of the 7743-7871 rally wouldn’t be a surprise given the failure to close above the 61.8% retracement of the decline from 7921. Expect support at 7790.

LEVELS: 7743 7790 7830 7870 7923 7966

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

DISCLOSURES