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
Bullish
Oil - US Crude
Mixed
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
Wall Street
Mixed
Gold
Bullish
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • Crude Oil Prices Struggle Even as Powell Highlights Strong Recovery https://www.dailyfx.com/forex/market_alert/2021/04/12/Crude-Oil-Prices-Steady-as-Powell-Highlights-a-Strong-Recovery.html https://t.co/r8i6QncAeH
  • The Spinning Top candlestick pattern forms part of the vast Japanese candlestick repertoire with its own distinct features. Gain a better understanding of the spinning top candlestick here: https://t.co/DWm7cBMUg9 https://t.co/M5ByVTQRO5
  • What is your forex trading style? Take the quiz and find out: https://t.co/YY3ePTpzSI https://t.co/pOqRcsvRuG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.97%, while traders in France 40 are at opposite extremes with 81.69%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/0sDY8wMAgW
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.11% 🇳🇿NZD: -0.02% 🇪🇺EUR: -0.08% 🇦🇺AUD: -0.15% 🇨🇭CHF: -0.16% 🇨🇦CAD: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/7VqFugM1Ph
  • Gold Prices Fall as Strong PPI Readings Boost Yields, USD Rises https://www.dailyfx.com/forex/market_alert/2021/04/12/Gold-Prices-Fall-as-Strong-PPI-Readings-Boost-Yields-USD-Rises-.html https://t.co/mSIBb6aELR
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: France 40: -0.02% Germany 30: -0.16% Wall Street: -0.27% US 500: -0.28% FTSE 100: -0.36% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/uBj1IaEu4W
  • Wall Street Futures Update: Dow Jones (-0.27%) S&P 500 (-0.28%) Nasdaq 100 (-0.27%) [delayed] -BBG
  • (#ASEAN Fundy) US Dollar Outlook: Bond Yields, Powell and CPI in Focus. USD/SGD Eyeing MAS, Chinese GDP #USD #Bonds #Fed #China #MAS $USDSGD https://www.dailyfx.com/forex/fundamental/article/special_report/2021/04/12/US-Dollar-Outlook-Bond-Yields-Powell-and-CPI-in-Focus-USDSGD-Eyeing-MAS-Chinese-GDP.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/5PYoYUgggs
  • Ever wonder if there are other chart types that can be sued for technical analysis? HLOC charts are discussed in the following article as well as their pros and cons. Learn more here: https://t.co/qV3c7a4YR3 https://t.co/TIZQzitE1j
FOREX Technical Analysis: USD/JPY Trades into High Risk Zone Again

FOREX Technical Analysis: USD/JPY Trades into High Risk Zone Again

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

FOREX_Technical_Analysis_USDJPY_Trades_into_High_Risk_Zone_Again_body_usdjpy.png, FOREX Technical Analysis: USD/JPY Trades into High Risk Zone Again

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: “If USD/JPY weakness is a 4th wave, then price needs to stay above 7982 (allowing for a spike is ok). The response just below 7927 (and right at estimated 7907 support) is a good start. Keep in mind that 4th waves are often more complex than 2nd waves thus we could be in for sideways trading for several weeks too.” The rally today leaves the USD/JPY just shy of the highs.

FOREXTrading Strategy: 8042/47 is resistance before the high and I’m on the lookout for exhaustion and a top the rest of this week. Even if the rally from 7712 is unfolding as an impulse (5 waves), the USD/JPY is likely to reverse after trading above 8067 (completing 5 waves). COT positioning is consistent with turns towards Yen strength.

LEVELS: 7964 7985 8005 8057 8067 8100

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

DISCLOSURES