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.

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
USD/JPY Slingshots off of 55 Day Average

USD/JPY Slingshots off of 55 Day Average

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“USD/JPY has reached the 55 day average. Even so, there is no suggestion from price that the drop is complete. Strength through 116.00 is needed in order to relieve downside pressure.” No suggestion turned into a 300 pip surge. Intraday action is volatile but the same levels remain important from a trend perspective. That is, USD/JPY is vulnerable sub-116.00.

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

DISCLOSURES