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
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
Oil - US Crude
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
Wall Street
Bullish
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Bearish
More View more
Real Time News
  • Join @MBForex 's at 8:30 AM ET/12:30 PM GMT for his weekly strategy #webinar Register here: https://t.co/VAnAfZU02T https://t.co/nYIzx59rfT
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/ZlnTxUGpy9
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.44%, while traders in US 500 are at opposite extremes with 70.25%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/fZmIFD69Un
  • Análisis $XAUUSD: el oro avanza pero continúa limitado por la demanda del dólar #gold #oro #usd #trading https://t.co/XmbNkGLTbe
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Gold: 1.06% Silver: 1.03% Oil - US Crude: -1.93% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/rEjUTWcEhu
  • AUD/USD Tests Key Chart Level - Australian Dollar Price Outlook More details in the link below: https://www.dailyfx.com/forex/technical/home/analysis/aud-usd/2020/04/06/AUDUSD-Tests-Key-Chart-Level-Australian-Dollar-Price-Outlook-MK.html?CHID=9&QPID=917714 https://t.co/EQPSqGoxA6
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 1.22% 🇳🇿NZD: 1.20% 🇨🇦CAD: 0.56% 🇪🇺EUR: 0.08% 🇨🇭CHF: -0.03% 🇯🇵JPY: -0.62% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/ERM5zEpMay
  • While Sino-US trade jitters are temporarily abating, China-Swedish trade tensions are rising as a part of a political contagion of growing economic hostilities between nations across the world. Get your market update from @ZabelinDimitri here:https://t.co/F1fVoyzoz5 https://t.co/9yE6F4tE7q
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Germany 30: 4.47% US 500: 4.08% Wall Street: 4.03% France 40: 3.74% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/RtMFoHljMR
  • Aston Martin (AML) share price in pieces...down 4% at 75p. Down over 95% since floating (October 2018). #astonmartin #aml #trading Prices and chart via @IGcom https://t.co/M0kVzTvKZH
USD/JPY Back to Flat on the Month; 98.72 an Important Level for Trend

USD/JPY Back to Flat on the Month; 98.72 an Important Level for Trend

2013-10-10 20:59:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

eliottWaves_usd-jpy_body_usdjpy.png, USD/JPY Back to Flat on the Month; 98.72 an Important Level for Trend

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

-Impulsive strength is consistent with formation of an important low. 98.72 (Oct high) remains the line in the sand for a larger bearish outcome.

-Near term move is getting extended but may test 98.50/70 before a pullback. 97.65/85 is support.

Trading Strategy: Still playing Yen weakness through NZDJPY with a limit at 82. In the case of USDJPY, price may complete an impulse (5 wave rally) into 98.50/70 before a pullback materializes.

LEVELS: 96.86 97.47 97.84 | 98.26 98.72 98.99

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

DISCLOSURES

News & Analysis at your fingertips.