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. See our updated Privacy Policy here.

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
More View more
Real Time News
  • AUD/USD extends the advance from the start of the month as the Reserve Bank of Australia (RBA) Minutes warn of rising home prices. Get your $AUDUSD market update from @DavidJSong here:https://t.co/FfADz5RGNo https://t.co/PfJAdSL2iO
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 3.69% Gold: 0.66% Oil - US Crude: -0.35% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Gay35tIWLB
  • I'm seeing the reports that Powell sold significant stock holdings while the market was tumbling. I am not sure of the particular criteria involved for central bankers' transactions, but it boosts my confidence in his competency...
  • Further your forex knowledge and gain market insights with our $EUR Q4 guide, available free. #DailyFXguides https://t.co/zFcTKO3lxo https://t.co/ebWtCFH2F4
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.65%, while traders in USD/JPY are at opposite extremes with 74.93%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/H6tCeifaCw
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Silver: 3.35% Gold: 0.86% Oil - US Crude: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/wwPpQEnTup
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: US 500: 0.37% Wall Street: 0.34% Germany 30: 0.14% FTSE 100: -0.12% France 40: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/XAoMaccNOb
  • The US dollar continues to lose ground against its Canadian counterpart with the pair touching a new three-month low earlier in the session. The recent trend lower is dominated by red candles. Get your $USDCAD market update from @nickcawley1 here:https://t.co/ETRpHsdlBr https://t.co/Xrn1g9XOvA
  • China studies intervention measures of coal prices - NDRC
  • $EURUSD res test at the 1664 level https://t.co/jieOduhMlt https://t.co/acpK5WNc8u
USD/JPY Surrounds 6 days of Trading after 9/20 Close is Filled

USD/JPY Surrounds 6 days of Trading after 9/20 Close is Filled

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_usd-jpy_body_usdjpy.png, USD/JPY Surrounds 6 days of Trading after 9/20 Close is Filled

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

-USDJPY traded above 99 (Oct high) and into the previously uncovered 9/20 close and trendline that extends off of the May and July highs before getting slammed back into the range.

-Kristian Kerr and I spoke at length about JPY and AUD during a ‘Google Hangout’ today. Important levels on a daily closing basis are 99 and 96.50 (October range).

Trading Strategy: “This market is coiled for a big move to end the year. Triangles are usually continuation patterns but it’s possible that the eventual break ‘surprises’ to the downside. We’ll trade it either way when it’s ready.” Apparently, the market is not ready. Remember, 96.50 and 99 on a daily closing basis need to be seen before we can participate.

LEVELS: 96.86 97.39 97.80 | 98.40 99.00 99.40

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

DISCLOSURES