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.

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
EUR/USD
Bearish
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bearish
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
USD/JPY
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
Real Time News
  • The US Dollar is stronger this morning following yesterday's market volatility. After falling to a nearly two month low below the 90.00 level early yesterday, the $DXY has resurged to a one week high, currently around 90.60. $USD https://t.co/vM9Kuq2tjV
  • Heads Up:🇺🇸 Goods Trade Balance Adv (JAN) due at 13:30 GMT (15min) Previous: $-82.47B https://www.dailyfx.com/economic-calendar#2021-02-26
  • Heads Up:🇺🇸 PCE Price Index MoM (JAN) due at 13:30 GMT (15min) Previous: 0.4% https://www.dailyfx.com/economic-calendar#2021-02-26
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.06% 🇨🇭CHF: -0.18% 🇨🇦CAD: -0.34% 🇬🇧GBP: -0.61% 🇳🇿NZD: -1.07% 🇦🇺AUD: -1.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/XoinmY8IKD
  • Heads Up:🇺🇸 Core PCE Price Index MoM (JAN) due at 13:30 GMT (15min) Expected: 0.2% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2021-02-26
  • Heads Up:🇺🇸 Personal Spending MoM (JAN) due at 13:30 GMT (15min) Expected: 2.5% Previous: -0.2% https://www.dailyfx.com/economic-calendar#2021-02-26
  • Heads Up:🇺🇸 Personal Income MoM (JAN) due at 13:30 GMT (15min) Expected: 9.5% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2021-02-26
  • Heads Up:🇺🇸 PCE Price Index YoY (JAN) due at 13:30 GMT (15min) Previous: 1.3% https://www.dailyfx.com/economic-calendar#2021-02-26
  • Heads Up:🇺🇸 Core PCE Price Index YoY (JAN) due at 13:30 GMT (15min) Expected: 1.4% Previous: 1.5% https://www.dailyfx.com/economic-calendar#2021-02-26
  • Myth or fact? One thing is for sure, there are a lot of misconceptions about trading. Knowing the difference between common trading myths and the reality is essential to long-term success. Find out about these 'myths' here: https://t.co/EDvQdHfIPm https://t.co/OD2HjojJ9f
FOREX Technical Analysis: USDJPY Consoidates Friday’s Reversal

FOREX Technical Analysis: USDJPY Consoidates Friday’s Reversal

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-jpy_body_usdjpy.png, FOREX Technical Analysis: USDJPY Consoidates Friday’s Reversal

Chart Prepared by Jamie Saettele, CMT

FOREXObservations: The USDJPY formed a JS Spike (JSS) today. This is the 5th JSS of 2012. The previous 4 were 8/1 (bullish), 6/25 (bearish), 3/15 (bearish), and 2/27 (bearish). Only the 2/27 signal failed. The 3/15 signal identified the high for the year. The 6/25 signal occurred at nearly the same price level as today’s signal as well (close on 6/25 was 7967).

FOREXTrading Strategy Implications: A line can now be drawn at 8037 (Friday’s high). As long as price is below there, the validity of the 10/22 bullish breakout is in question.

LEVELS: 7886 7921 7946 8037 8065 8148

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

DISCLOSURES