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.



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
Oil - US Crude
Wall Street
More View more
Real Time News
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/9:30 AM GMT for insight on London #FX and #CFD trading. Register here:
  • Germany's IFO forecasts - Upgrades 2020 GDP outlook to -5.2% from -6.7% - Downgrades 2021 GDP outlook to 5.1% from 6.4%
  • BoE's Bailey says while negative rates is in the toolbox, this does not imply the BoE would use negative rates $GBP
  • BoE's Bailey says negative rates have been a mixed bag in other countries $GBP
  • BoE's Bailey says the BoE have looked very hard at scope to lower rates further, including negative interest rates $GBP
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.45%, while traders in NZD/USD are at opposite extremes with 69.03%. See the summary chart below and full details and charts on DailyFX:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • BoE's Bailey says labour demand is weak with unemployment higher than its reported number $GBP
  • For those who like their DMAs $GBP
USD/JPY Early Week High in Place Again?

USD/JPY Early Week High in Place Again?

2013-07-15 21:30:00
Jamie Saettele, CMT, Sr. Technical Strategist


eliottWaves_usd-jpy_body_usdjpy.png, USD/JPY Early Week High in Place Again?

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

FOREXAnalysis: I focused on the USDJPY in Friday’s weekly, writing that “the rise is best classified as a 3 wave advance (triangle wave b). Just like last week, the implications are to look for an early week top. A rally into 100.17/26 would be most welcome. Why? 100.17 is the post FOMC minutes close (hourly) and a significant volume level. 100.26 is the 61.8% of the decline from 101.53. Watch the rate along with the 30 year US bond (see below chart) to improve entry. Strong support is seen at the 61.8% retracement / trendline / large volume NFP hourly close of 133 6/32. It’s critical to be alert to pattern and market levels in the bond market in the current market environment. In fact, pattern and a support in the bond level helped us anticipate Wednesday’s reaction.” The USDJPY slightly exceeded the estimated resistance area but quickly reversed this morning. The 30 yr US Bond also reversed from just above the cited support.

FOREXTrading Strategy: Will probably do something soon…but need to see how the market trades over the next day before Tuesday night’s BoJ minutes.

LEVELS: 98.54 98.94 99.69 100.10 100.97 101.52

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