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.

Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Bearish
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
Gold
Bullish
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
USD/JPY
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
More View more
Real Time News
  • Join analyst @DavidJSong at 6:30 PM ET/10:30 PM GMT for your weekly update on key news trading events. Register here: https://t.co/gBlrRpCc55 https://t.co/adV1kFEwKg
  • Market snapshot: Oil-linked Norwegian Krone edging higher vs G10 FX early into Asia trade
  • How can traders avoid #FOMO in trading? Start by implementing a well-heeled plan taking only four hours per week. Get your insight from @JStanleyFX here: https://t.co/vwUShQPc27 #tradingstyle https://t.co/0t2meOWXuU
  • (Asia AM) The Australian Dollar may wilt but can that break the near-term $AUDUSD uptrend? Weekend Dow Jones futures hint a “risk-off” tilt that may boost the Japanese #Yen and haven-linked US #Dollar #USD - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2020/03/29/Australian-Dollar-May-Wilt-as-Yen-and-US-Dollar-Rise-in-Asia-Trade.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/WGYOUEHzNG
  • How can you be a part-time trade? Get your tips on workflow and strategy here with@WVenketas: https://t.co/b8ywNOOgx9 #tradingstyle https://t.co/PoEtcYbBcu
  • #USDZAR fell to a record low after ratings downgrade https://t.co/IlUGUSrvGI
  • After the pattern is composed with the closing of the signal candle, then you can look to the following candle to identify a clear bias and risk points. Learn how to apply this knowledge to a trading strategy here: https://t.co/uh3NwgHBVv https://t.co/dUx38k6I6N
  • Weekend Wall Street futures - courtesy of @IGcom - shows the #DowJones down almost -1% heading into Monday's Asia Pacific trading session. This May spell a cautious "risk-off" tilt as the week gets going [delayed] - https://t.co/0ZvPJNGV7q https://t.co/iMhNyyGq0R
  • RT @NYGovCuomo: New York State on PAUSE is extended to April 15. That means the non-essential workforce is directed to continue to work fr…
  • Why is the Strait of Hormuz the world's most important #oil chokepoint? Find out from @JMcQueenFX here: https://t.co/0UPiGgqHbW #OOTT https://t.co/yt072tbesk
USD/JPY Overcomes NFP Friday High as Next Big Yen Move is Underway

USD/JPY Overcomes NFP Friday High as Next Big Yen Move is Underway

2013-09-10 20:16:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

eliottWaves_usd-jpy_body_usdjpy.png, USD/JPY Overcomes NFP Friday High as Next Big Yen Move is Underway

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

-The USDJPY broke through the line that extends off of the May and July highs on 9/2, then tested the topside of that line on Friday (after NFP).

-Price gapped higher for the second consecutive week. Neither gap has been filled. An inability to quickly close an upside gap is bullish.

-The next level of interest is the 7/8 reversal day close at 100.97.

Trading Strategy: Bias is still long…now against 98.50. The Nikkei is breaking out as well so I’m not quick to exit longs. After months of consolidation, the longer term USDJPY uptrend may have resumed.

LEVELS: 99.11 99.50 100 | 100.40/60 100.97 101.53

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

DISCLOSURES

News & Analysis at your fingertips.