Skip to Content
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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
USD/JPY Makes a Mockery of 116.00

USD/JPY Makes a Mockery of 116.00

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-The most recent daily comments noted that “a tight consolidation has developed from the 11/30 high. This action follows a strong move higher so the coil is viewed as setting the stage for the next thrust higher…Ultimately, the floor from late 2014 to early 2016 (115.50-116.00) could provide major resistance.” The former floor was resistance…for a day. The no-pullback rally has resumed. The move is extreme but I don’t know what that means anymore. 2015 support levels to be aware of are 118.33 (already hit) and 120.40.

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