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
Bullish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • While the US Dollar has been holding its ground, its downside bias against the Singapore Dollar, New Taiwan Dollar Thai Baht and Indonesian Rupiah remains intact as it hovers at support. Get your market update from @ddubrovskyFX here:https://t.co/p7gAztWuVG https://t.co/ZbRWt3Q1zP
  • Gold price appears to hit an immediate resistance at US$ 1,870 - where the 76.8% Fibonacci retracement intercepts with the 20-Day SMA line. https://t.co/0loOBMnFSu
  • Wall Street Futures Update: Dow Jones (+0.05%) S&P 500 (+0.16%) Nasdaq 100 (+0.45%) [delayed] -BBG
  • The Hang Seng Index looks set to extend gains beyond the 30,000 mark, hitting a fresh 20-month high. Will it succeed? https://www.dailyfx.com/forex/market_alert/2021/01/21/Nasdaq-Hits-Record-High-as-Biden-Takes-Office-Hang-Seng-Eyes-30000.html https://t.co/rh5X6ViWFg
  • The US Dollar may be finding a turning point against ASEAN currencies as smaller fiscal stimulus bets, soft earnings risk and Covid cases translate into some capital flight from equities. Get your #ASEAN currencies market update from @ddubrovskyFX here:https://t.co/F3uz5GHMSd https://t.co/8FdxQnP08U
  • RT @FxWestwater: Australian Dollar Forecast: Jobs Report Fails to Inspire $AUDUSD Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/01/21/AUDUSD-Uninspired-Following-Australian-Jobs-Report.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/rI1YeoJFyL
  • The Nasdaq 100 index advanced 1.97% to an all-time high of 13,457, led by Alphabet (+5.36%), Amazon (+4.57%) and Microsoft (+3.65%). https://t.co/ALr0643lmU
  • 🇦🇺 Unemployment Rate (DEC) Actual: 6.6% Expected: 6.7% Previous: 6.8% https://www.dailyfx.com/economic-calendar#2021-01-21
  • 🇦🇺 Full Time Employment Chg (DEC) Actual: 35.7K Previous: 84.2K https://www.dailyfx.com/economic-calendar#2021-01-21
  • 🇦🇺 Unemployment Rate (DEC) Actual: 6.6 Expected: 6.7% Previous: 6.8% https://www.dailyfx.com/economic-calendar#2021-01-21
USD/JPY Stalls Ahead of August High

USD/JPY Stalls Ahead of August High

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_usd-jpy_body_usdjpy.png, USD/JPY Stalls Ahead of August High

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

-The USDJPY closed above the line that extends off of the May and July highs. That line is now estimated support.

-Price reversed shy of the August high and slightly above upward sloping channel resistance.

-The Nikkei 225 has yet to break through its May-July trendline however and the risk of a false break remains as per concerns over the proximity of the break to the triangle’s apex.

Trading Strategy: Bias is long against 98.25. I am trading from the long side – real time comments can be found on Twitter @JamieSaettele. Have 98.75-99.00 marked as support in the event of a deeper pullback.

LEVELS: 98.27 98.75 99.00 | 99.94 100.97 101.53

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

DISCLOSURES