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
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
FOREX Technical Analysis: USDJPY Holding Short Term Channel

FOREX Technical Analysis: USDJPY Holding Short Term Channel

Jamie Saettele, CMT, Sr. Technical Strategist

60 Minute Bars

FOREX_Technical_Analysis_USDJPY_Holding_Short_Term_Channel__body_usdjpy.png, FOREX Technical Analysis: USDJPY Holding Short Term Channel

Chart Prepared by Jamie Saettele, CMT

FOREXObservations: “The USDJPY tagged the June high on Friday and weakness since then has unfolded in an impulsive fashion. It is possible that weakness will compose a corrective 4th wave.”

FOREXTrading Strategy Implications: As long as price is below Friday’s high, the risk is lower towards 7927 although one should respect potential for choppy sideways trading as long as price is within the short term channel. 8015 is near term resistance.

LEVELS: 7887 7927 7963 8015 8045 8067

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