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
Bearish
Wall Street
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
Gold
Bearish
GBP/USD
Bearish
USD/JPY
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
More View more
Breaking news

British Pound sinks as EU Brexit negotiator Barnier says there may not be an EU/UK deal

Real Time News
  • Heads Up:💶 Unemployment Rate (OCT) due at 10:00 GMT (15min) Expected: 8.4% Previous: 8.3% https://www.dailyfx.com/economic-calendar#2020-12-02
  • Several member states open to continuing talks after December 31st deadline if a good deal can't be reached by then, according to a Senior EU Diplomat $GBP
  • The bullish engulfing candle is one of the forex market's most clear-cut price action signals for reversals and continuation. Learn more about this price action trading signal here: https://t.co/Yg6ecRZZNr https://t.co/05r8BcNRyt
  • Adds that some EU member states have become jittery as the Brexit endgame nears $GBP
  • EU Diplomat says still unclear if negotiators can bridge gaps on 3 key issues $GBP
  • Heads Up:🇬🇧 BoE FPC Meeting due at 09:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-12-02
  • 🇮🇹 Unemployment Rate (OCT) Actual: 9.8% Expected: 9.9% Previous: 9.7% https://www.dailyfx.com/economic-calendar#2020-12-02
  • 🇮🇹 Unemployment Rate (OCT) Actual: 9.8% Expected: 9.9% Previous: 9.6% https://www.dailyfx.com/economic-calendar#2020-12-02
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 94.23%, while traders in EUR/USD are at opposite extremes with 76.39%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/tOPLdyRuXM
  • Heads Up:🇮🇹 Unemployment Rate (OCT) due at 09:00 GMT (15min) Expected: 9.9% Previous: 9.6% https://www.dailyfx.com/economic-calendar#2020-12-02
USD/JPY Outside Day; Keep Resistance Line in Mind above 103.00

USD/JPY Outside Day; Keep Resistance Line in Mind above 103.00

2013-05-14 21:03:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_usd-jpy_body_usdjpy.png, USD/JPY Outside Day; Keep Resistance Line in Mind above 103.00

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

FOREXAnalysis: No change. “The USDJPY run continues. The break above 99.94 was from a triangle (with an exceptionally shallow E wave). The break offers several tidbits of information. Breaks from triangles are often terminal so this may be the final run before a stronger decline. The width of the triangle (99.94-95.79) can also be used to determine an objective. Add the width to the breakout level and you get 104.09.” Keep in mind the trendline that extends off of the March and April highs…that line is at about 103.50 on Wednesday.

FOREXTrading Strategy: Flat

LEVELS: 100.78 100.26 101.70 102.50 103.50 104.08

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

DISCLOSURES