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.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
USD/JPY Support Does its Job; Watch 115.00 Near Term

USD/JPY Support Does its Job; Watch 115.00 Near Term

Jamie Saettele, CMT, Sr. Technical Strategist

Share:

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-β€œI’m still watching for a higher low (above 111.58) in USD/JPY as per the comments regarding RSI (daily holding 40).” USD/JPY has turned up and 115.00ish represents a good test for strength. The level is defined by the 55 day average and former highs/lows since early January. If price can clear 115.00 then focus would shift towards the trendline near 118.00.

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

DISCLOSURES