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
Search results
No entries matching your query were found.
English Español Français Deutsch 中文（繁體） 中文（简体）
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
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
News
US Recession Watch, January 2021 - Slowing Growth Evident as Calendar Turns
2021-01-26 19:10:00
Euro Forecast: Trading Through Political Headwinds - Setups in EUR/JPY, EUR/USD Rates
2021-01-26 16:18:00
Oil - US Crude
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
News
Gold, Crude Oil Outlook: Will FOMC Meeting Catalyze Price Volatility?
2021-01-27 06:00:00
Canadian Dollar, Crude Oil Forecast: Will USD/CAD, WTI Fall as Long Bets Rise?
2021-01-27 03:00:00
Wall Street
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
News
Dow and Dollar Steel for FOMC, Top Earnings and Growth Fight Against Speculative Control
2021-01-27 06:00:00
Dow Jones, Hang Seng, Nikkei 225 Outlook: Will the Rally Carry on?
2021-01-26 01:30:00
Gold
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
News
Gold, Crude Oil Outlook: Will FOMC Meeting Catalyze Price Volatility?
2021-01-27 06:00:00
Implied Volatility: What is it & Why Should Traders Care?
2021-01-26 22:30:00
GBP/USD
Bullish
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
News
US Recession Watch, January 2021 - Slowing Growth Evident as Calendar Turns
2021-01-26 19:10:00
NZD Outperforms, EUR/GBP Back to Key Support, AUD Awaits CPI - US Market Open
2021-01-26 14:35:00
USD/JPY
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
News
US Recession Watch, January 2021 - Slowing Growth Evident as Calendar Turns
2021-01-26 19:10:00
USD/JPY Outlook: Yen Stable After BoJ Invites More ETF Flexibility
2021-01-26 11:30:00
More View more
Real Time News
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.06% 🇨🇭CHF: 0.05% 🇪🇺EUR: -0.05% 🇦🇺AUD: -0.12% 🇳🇿NZD: -0.13% 🇨🇦CAD: -0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/9wrGQtkgdE
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: US 500: -0.04% France 40: -0.05% Wall Street: -0.19% Germany 30: -0.28% FTSE 100: -0.53% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/Y22Crt6eX1
  • 🇫🇷 Consumer Confidence (JAN) Actual: 92 Expected: 94 Previous: 95 https://www.dailyfx.com/economic-calendar#2021-01-27
  • US Dollar Outlook: DXY Forms Head and Shoulders Pattern Ahead of FOMC - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2021/01/27/US-Dollar-Outlook-DXY-Forms-Head-and-Shoulders-Pattern-Ahead-of-FOMC.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $USD $DXY #USDollar #FOMC https://t.co/rt603Ix66D
  • Heads Up:🇫🇷 Consumer Confidence (JAN) due at 07:45 GMT (15min) Expected: 94 Previous: 95 https://www.dailyfx.com/economic-calendar#2021-01-27
  • Euro’s forecast this quarter? Get your free forecast here: https://t.co/kpBYVz31Bd #DailyFXGuides https://t.co/NWs5Lyiyyt
  • 🇩🇪 GfK Consumer Confidence (FEB) Actual: -15.6 Expected: -7.9 Previous: -7.5 https://www.dailyfx.com/economic-calendar#2021-01-27
  • 🇩🇪 GfK Consumer Confidence (FEB) Actual: -15.6 Expected: -7.9 Previous: -7.3 https://www.dailyfx.com/economic-calendar#2021-01-27
  • The US unemployment rate stood at 6.77% in Dec, which marks a long way to return to the pre-Covid level of 3.8%. The latest core PCE was at 1.4%, showing little sign of inflation overheating. This suggests that conditions for the Fed to consider tapering are far from met. #FOMC https://t.co/vtnC2V1Q2P
  • Heads Up:🇩🇪 GfK Consumer Confidence (FEB) due at 07:00 GMT (15min) Expected: -7.9 Previous: -7.3 https://www.dailyfx.com/economic-calendar#2021-01-27
USD/JPY Estimated Support from 97.80s to 98.12

USD/JPY Estimated Support from 97.80s to 98.12

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_usd-jpy_body_usdjpy.png, USD/JPY Estimated Support from 97.80s to 98.12

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

FOREXAnalysis: After trading just shy of the post NFP level and close of the high week for July, the USDJPY took a dive. Volatile range conditions may be the rule for the rest of the month. Estimated support is 96.70/90 (as it was last week). Estimated resistance for Wednesday is 97.50/70. Of note is that the Nikkei has traded to a new low for the month while the USDJPY is holding well above its monthly low. The same dynamic occurred at the July USDJPY / Nikkei top when the USDJPY topped on 7/8 and the Nikkei traded to a new high on 7/19 (which was not confirmed by a new USDJPY high).

FOREXTrading Strategy: Coming into a low? Keep tabs on 96.70/90.

LEVELS: 96.20 96.70 96.90 97.50 98.25 98.67

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

DISCLOSURES

Related Articles

USD/JPY Elliott Wave Analysis: Bullish Pattern Emerges
USD/JPY Elliott Wave Analysis: Bullish Pattern Emerges
2019-05-22 21:08:00
USDJPY Technical Analysis: Inability to Break Higher Keeps Eyes on Lower
USDJPY Technical Analysis: Inability to Break Higher Keeps Eyes on Lower
2018-12-03 20:19:00
USDJPY Elliott Wave Analysis: Trying for Higher Levels
USDJPY Elliott Wave Analysis: Trying for Higher Levels
2018-11-08 20:04:00
USDJPY Chart Analysis: Elliott Wave Correction to Below 110?
USDJPY Chart Analysis: Elliott Wave Correction to Below 110?
2018-10-11 01:28:00
Advertisement

Rates

USD/JPY
Bearish