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
EUR/USD
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
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
Wall Street
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
Gold
Bearish
GBP/USD
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
USD/JPY
Bullish
More View more
Real Time News
  • Fed's Barkin says he views moderate inflation mostly delivered from market power and price transparency $SPX
  • The S&P 500 breakdown is testing the first major zone of support and we’re looking for a reaction. Get your S&P 500 technical analysis from @MBForex here:https://t.co/JrTNmQ5c7g https://t.co/7HSxMUZYWn
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.89%, while traders in EUR/GBP are at opposite extremes with 65.56%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/7tkZBRqU8Z
  • Heads Up:🇺🇸 Fed Evans Speech due at 17:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-09-24
  • After an aggressive stimulus-driven rally drove prices in equities throughout the summer, a bit of uncertainty has begun to enter the equation. Get your #equities market update from @JStanleyFX here::https://t.co/mwy35kvLtv https://t.co/thSFEF50Px
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Silver: 0.35% Gold: 0.32% Oil - US Crude: 0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/G2fyCxsb3V
  • UK virus cases rise by 6,634, most since start of pandemic $GBPUSD
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.18% 🇬🇧GBP: 0.11% 🇪🇺EUR: 0.05% 🇳🇿NZD: -0.08% 🇨🇭CHF: -0.24% 🇦🇺AUD: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/ZclQDTTkBp
  • Fed's Bullard says we may see a near full recovery by end of year for U.S. - BBG
  • Get your Thursday market update from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/gvNcFyaEgi
USD/JPY Struggles Near Key 108.20 Level

USD/JPY Struggles Near Key 108.20 Level

2014-10-28 16:33:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Weekly

USD/JPY Struggles Near Key 108.20 Level

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-“5 waves up from the 2011 low are counted which raises the risk of a sharp reversal lower from the trendline that extends off of the 2001 and 2007 highs. 106.80 (reached today) and 105.40 are reaction levels for bounces. 107.50-108.20 is resistance and the near term picture is bearish below 108.80.”

-Former resistance at 105.43 served as support last week and USDJPY has already reached the 61.8% retracement of the decline. Another down leg is favored given the impulsive nature of the drop. Resistance extends from 108.20 to 108.87.

--Trading ideas are availabletoJ.S. Trade Desk members.

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

DISCLOSURES