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
Mixed
GBP/USD
Mixed
USD/JPY
Bearish
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
Oil - US Crude
Bearish
Bitcoin
Mixed
More View more
Real Time News
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Gold: -0.09% Silver: -0.21% Oil - US Crude: -0.62% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/kgSbz8AR3k
  • The #JapaneseYen has attracted its customary haven bid, rising sharply against pro-cyclical plays such as the #AustralianDollar. The #USDollar has been much more resilient, but it too is under a bit of pressure. https://www.dailyfx.com/forex/technical/home/analysis/usd-jpy/2020/01/28/Japanese-Yen-Gains-on-Wuhan-Virus-USDJPY-Nears-Key-Prop.html?utm_source=Twitter&utm_medium=Cottle&utm_campaign=twr #AUD, #JPY, #USDJPY, #AUDJPY #Coronavirus
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.04% 🇪🇺EUR: 0.01% 🇬🇧GBP: 0.00% 🇨🇭CHF: -0.08% 🇦🇺AUD: -0.08% 🇯🇵JPY: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/CeEiPkp55n
  • - US Dollar may rise with havens vs. NOK and SEK on #coronavirus concerns - #FOMC outlook may push USD higher if officials re-iterate neutral position - BoE rate decision, forecasts could catalyze selloff in GBP/SEK, GBP/NOK https://www.dailyfx.com/forex/fundamental/article/special_report/2020/01/28/US-Dollar-May-Rise-vs-NOK-SEK-on-Coronavirus-Risks-and-FOMC.html
  • LIVE NOW! Senior Currency Strategist @IlyaSpivak discusses the technical and fundamental AUD/USD outlook for the week ahead here - https://www.dailyfx.com/webinars/378612179?CHID=9&QPID=917720
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.42%, while traders in US 500 are at opposite extremes with 67.96%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/afMbBXdsJc
  • LIVE IN 20 MIN: Senior Currency Strategist @IlyaSpivak discusses the technical and fundamental AUD/USD outlook for the week ahead here - https://www.dailyfx.com/webinars/378612179?CHID=9&QPID=917720
  • The $NZD is inching toward support guiding gains in the fourth quarter of 2019. A break may set the stage for long-term bearish trend resumption. Get your market update from @IlyaSpivak here:https://t.co/bnlx4RJ8oV https://t.co/guhzUtlNXP
  • Japan's Government Nominates Seiji Adachi for the Bank of Japan Board -BBG #BoJ
  • Join @IlyaSpivak 's #webinar at 10:00 PM ET/3:00 AM GMT to prepare for the week ahead in trading #AUDUSD Register here: https://t.co/sZNWPVRHA0 https://t.co/ToPfp6pCKf
EUR/JPY Classical 05.25

EUR/JPY Classical 05.25

2010-05-25 05:36:00
Joel Kruger, Technical Strategist
Share:

eurjpy2

EUR/JPY: The sharp drop easily managed to clear previous support by 112.00 and open an acceleration of declines down to 109.50, ahead of the latest bounce. It is extremely difficult to speculate where we go from here and we recommend standing a side for a bit to see how things play out. However, the break below 110.00 does suggest that additional weakness is in the cards, with the market now eyeing next critical barriers by 100.00. Short-term resistance comes in by 115.50 and a break back above this level would be required to force a shift in the near-term structure.

 

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.