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Euro Forecast: EUR/USD May Struggle if Dovish ECB Talks Numb Data Reactions
2021-05-16 03:00:00
US Dollar Outlook: USD/JPY Hinges on Treasury Yield Volatility
2021-05-14 23:00:00
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WTI Crude Oil Technical Forecast – Channel Meets Big Resistance
2021-05-15 16:00:00
Crude Oil Prices May Fall as US Retail Sales Data Shapes Fed Outlook
2021-05-14 04:00:00
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Dow Jones, Hang Seng, ASX 200 Outlook: Tech Rebound Bolsters Risk Appetite
2021-05-17 01:00:00
Markets Week Ahead: Dow Jones, Gold, Bitcoin, US Dollar, Still Dovish Fed, FOMC Minutes
2021-05-16 20:00:00
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Gold Prices at 14-Week High as Yields Fall, Chinese Buyers Return
2021-05-17 04:00:00
Markets Week Ahead: Dow Jones, Gold, Bitcoin, US Dollar, Still Dovish Fed, FOMC Minutes
2021-05-16 20:00:00
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Dollar Outlook Throttled by Both Risk Rebound and Curbed Inflation Concerns
2021-05-17 00:00:00
Weekly British Pound Technical Forecast: Bullish Technicals Overcoming Bearish Seasonality
2021-05-16 18:00:00
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Long Short

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US Dollar Outlook: USD/JPY Hinges on Treasury Yield Volatility
2021-05-14 23:00:00
US Dollar Outlook: DXY Index Eyes Retail Sales Data, Yields
2021-05-13 22:30:00
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  • Gold prices surged to a 14-week high as the 10-year Treasury yield fell for a third day. Inflation fears and viral resurgence bolstered the appeal of the yellow metal, as Chinese buyers returned to the market. https://www.dailyfx.com/forex/market_alert/2021/05/17/Gold-Prices-at-14-Week-High-as-Yields-Fall-Chinese-Buyers-Return.html https://t.co/0M7qQ73c65
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  • 🇹🇭 GDP Growth Rate QoQ (Q1) Actual: 0.2% Expected: -0.8% Previous: 1.3% https://www.dailyfx.com/economic-calendar#2021-05-17
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  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.02% 🇬🇧GBP: -0.11% 🇪🇺EUR: -0.11% 🇨🇦CAD: -0.24% 🇦🇺AUD: -0.35% 🇳🇿NZD: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/d3OdjbE19m
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USDJPY Outside Day Provides Reference Point for Trading

USDJPY Outside Day Provides Reference Point for Trading

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Candles

eliottWaves_usd-jpy_body_usdjpy.png, USDJPY Outside Day Provides Reference Point for Trading

Prepared by Jamie Saettele, CMT

“Is the USDJPY starting to make a move? A break above 7921 would warrant a bullish bias towards at least 7981. 7921 is the 9/19 high and 23.6% extension of the record low to March high extended off of the September low. Until price breaks 7921, the market is in a range with 7830/60 as support.”

LEVELS: 7790 7836 7860 79217965 7981

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

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