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.

Free Trading Guides
EUR/USD
Bullish
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
Wall Street
Bullish
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
Bullish
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
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • This session starts in about 30 min, today's webinar will revolve around major benchmark stock indexes to see how positioning could impact the road ahead with key technical levels in focus. Signup below! https://t.co/4br2H1Uz6p
  • In this session, Currency Analyst @ddubrovskyFX discusses traders' positioning as a key element of market analysis to determine the prevailing and future price trends. https://www.dailyfx.com/webinars/998956395
  • The $USD may return to the offensive as markets flee to cash amid fears of deep global recession thanks to the still-raging #coronavirus outbreak. Get your US Dollar update from @IlyaSpivak here: https://t.co/g1us4ZbYR5 https://t.co/tLFeaAwRqE
  • US Dollar Forecast - via @DailyFX: As the $USD stabilizes into month and quarter end, which follows a flareup in #FX volatility amid the #coronavirus pandemic, where might $DXY, $AUDUSD & $GBPUSD head next? Find Out: https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2020/03/31/us-dollar-forecast-dxy-index-audusd-gbpusd-price-analysis.html #Forex #Trading #Analysis https://t.co/QtFN12ZSkM
  • Join @ddubrovskyFX 's #webinar at 8:00 PM ET/12:00 AM GMT to find out what information you can gain from knowing what other traders are buying or selling. Register here: https://t.co/Bb3CTCTm44 https://t.co/14EYRSUsUU
  • US President Donald Trump said he has had fruitful discussions with Saudi Arabia and Russia on oil prices and efforts towards combatting the #coronavirus - First Squawk #OOTT
  • South Korean daily exports may show negative growth - Finance Chief (BBG) #KRW
  • President Donald Trump says he has not done anything on tariff payment deferments and that he has not been presented a delay plan -BBG
  • New Zealand Finance Minister the Treasury is considering "bespoke" solutions for bigger firms needing financial assistance - BBG #NZD
  • The #Dow Jones Industrial Average sold off by as much as 38.4% from the February high to the March low, while the S&P 500 lost as much as 35.9% over the same observed period. Get your #equity market update from @JStanleyFX here: https://t.co/HkNM11G1n9 https://t.co/Tiremr0LkX
USDJPY Registers 6th Consecutive Down Close

USDJPY Registers 6th Consecutive Down Close

2012-09-26 22:33:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_usdjpy_body_usdjpy.png, USDJPY Registers 6th Consecutive Down Close

Prepared by Jamie Saettele, CMT

A host of analysts and traders-maybe too many-are waiting for the USDJPY to extend upon its gains from the 9/13 low. It’s disconcerting that the 61.8% retracement of the rally from 7712 (61.8% is 7792) failed to hold, especially on a daily closing basis. As such, it’s wise to identify levels that would come into play below 7712. A cluster of Fibonacci retracements rests between 7573 and 7583, which is just in front of the February and all-time low at 7556. The USDJPY does have a tendency to make V shaped bottoms. A decline into said zone and rebound would qualify.

LEVELS: 7682 7712 7748 7790 7840 7890

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

DISCLOSURES

News & Analysis at your fingertips.