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
USDJPY Breaking Down and Threatens June Low

USDJPY Breaking Down and Threatens June Low

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usdjpy_body_usdjpy.png, USDJPY Breaking Down and Threatens June Low

Prepared by Jamie Saettele, CMT

No change: “Viewed in the context of 3 wave rallies at multiple degrees of trend, yesterday’s USDJPY reversal at 7960 should be respected. 7960, as highlighted throughout last week, is defined by the 61.8% retracement of the decline from 8061 and the 161.8% extension of the 7790-7879 advance. I’m looking lower.” Risk on shorts can now be moved down to last week’s high. A drop to a record low remains favored.

LEVELS: 7677 7735 7765 7800 7835 7885

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

DISCLOSURES