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
Mixed
Oil - US Crude
Mixed
Wall Street
Bullish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Indonesia authorizes AstraZeneca Covid vaccine for emergency use - BBG
  • Australian Dollar Price Forecast: AUD/USD, AUD/JPY, AUD/NZD - https://www.dailyfx.com/forex/technical/home/analysis/aud-usd/2021/03/09/Australian-Dollar-Price-Forecast-AUDUSD-AUDJPY-AUDNZD.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $AUD $AUDUSD $AUDJPY $AUDNZD https://t.co/4hT1cw12eh
  • China's CSI 300 recovers losses following reports that state-backed funds 'national team' will be used to purchase equities - BBG https://t.co/ehmKf0WFgH
  • A DB survey supposedly found that half of those that responded between the ages of 25 and 34 intend to use 50% of stimulus funds they receive on stock market investment! Sample size of only 430 retail investors but c'mon.
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here: https://t.co/lgDf5cVYOn https://t.co/CogcdDMLHv
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Silver: 1.07% Oil - US Crude: 0.74% Gold: 0.35% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/OYlPeDynh9
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.15% 🇦🇺AUD: 0.15% 🇪🇺EUR: 0.15% 🇳🇿NZD: 0.11% 🇨🇭CHF: 0.08% 🇯🇵JPY: -0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/C1NBpD8tLa
  • China state funds said to buy stocks after plunge escalated -BBG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.59%, while traders in Germany 30 are at opposite extremes with 83.48%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/syFy1j9agh
  • $CADJPY has exploded higher after breaching Ascending Triangle resistance and powering through the 200-week moving average. The pattern's implied measured move suggests price could climb an additional 4% from current levels to challenge psychological resistance at 90.00 $CAD https://t.co/sCP0pq1g1V https://t.co/NFIRL3E9ZN
USD/JPY Range Taking Hold?

USD/JPY Range Taking Hold?

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Candles

eliottWaves_usd-jpy_body_usdjpy.png, USD/JPY Range Taking Hold?

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ?

FOREXAnalysis: As mentioned throughout last week, “the time component of the correction is probably underway. The USDJPY may have seen the bulk of its correction in price but additional sideways activity is probably needed in order to correct the market in time.” Given the inability to extend lower or respond to the 61.8% retracement of the decline from 94.61, one must consider the decline into 90.84 complete. That doesn’t necessarily mean that the uptrend is back underway. Rather, a period of sideways trading, not uncommon after a 1 volatility spike, may be underway. Estimated support and resistance levels are 91.81-92.16 and 93.85-94.21.

FOREXTrading Strategy: Range trade between 91.81 and 92.421.

LEVELS: 91.81 92.16 92.90 93.44 94.21 94.61

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

DISCLOSURES