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
GBP/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
USD/JPY
Bearish
Gold
Bullish
Oil - US Crude
Bearish
Bitcoin
Bullish
More View more
Real Time News
  • Trade conflict is clearly awful for the broad world economy, but some countries are already benefiting from it. More stand to do so. Spotting them early could be profitable. Get your update on the #tradewar from @DavidCottleFX here: https://t.co/og0VAPAqwm https://t.co/MuqUMEcZR9
  • LIVE NOW: Join Currency Strategist @PaulRobinsonFX as he discusses a wide range of topics with emphasis on psychology, trade execution, and risk management with the goal of helping traders improve performance. Register here: https://www.dailyfx.com/webinars/602330483?CHID=9&QPID=917720
  • 🇪🇺 EUR Euro-Zone Industrial Production w.d.a. (YoY) (OCT), Actual: -2.2% Expected: -2.4% Previous: -1.8% https://www.dailyfx.com/economic-calendar#2019-12-12
  • LIVE IN 30 MIN: Join Currency Strategist @PaulRobinsonFX as he discusses a wide range of topics with emphasis on psychology, trade execution, and risk management with the goal of helping traders improve performance. Register here: https://www.dailyfx.com/webinars/602330483?CHID=9&QPID=917720
  • Heads Up:🇪🇺 EUR Euro-Zone Industrial Production w.d.a. (YoY) (OCT) due at 10:00 GMT (15min), Actual: N/A Expected: -2.4% Previous: -1.7% https://www.dailyfx.com/economic-calendar#2019-12-12
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/10:30 AM GMT to learn about how you can become a better trader. Register here: https://t.co/WeWGKtdlyz https://t.co/sAiq2T3EAQ
  • Central bank independence has several advantages and disadvantages. Find out what they are in-depth with @MartinSEssex here: https://t.co/wVFXbbTxf1 https://t.co/gRUZPiE6vs
  • $GBP O/n vols highest since EU Referendum https://t.co/7DhR3jhII1
  • Have central banks run out of ammo? And where are central banks headed? Find out from Cross-asset class trader, @JohnNetto only on Trading Global Markets Decoded #podcast with @MartinSEssex here: https://t.co/Twr44cZ1GB https://t.co/A2qMIwCTU4
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.95%, while traders in US 500 are at opposite extremes with 76.51%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/SC18bOymU6
EUR/JPY Classical 03.08

EUR/JPY Classical 03.08

2010-03-08 07:13:00
Joel Kruger, Technical Strategist
Share:

eurjpy2

EUR/JPY: Has been very well supported by psychological barriers at 120.00, with the cross in the process of correcting sharply over the past few sessions. From here, look for some additional upside towards 125.25, with a break above to accelerate gains and likely signal a material base in place. However, inability to sustain gains beyond 125.25 will suggest that the market is only consolidating and could indeed be poised for additional weakness below 125.00.

 

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
If you wish to receive Joel's reports in a more timely fashion, e-mail
instructor@dailyfx.com and you will be added to the "distribution" list.

If you wish to discus this topic or any other feel free to visit our Forum page

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

DISCLOSURES

News & Analysis at your fingertips.