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
GBP/USD
Bearish
USD/JPY
Bullish
Gold
Mixed
Oil - US Crude
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
Bitcoin
Mixed
More View more
Real Time News
  • China #coronavirus update February 19: 1,779 patients discharged 74,576 total confirmed reports 114 new Wuhan virus deaths 394 additional cases -BBG
  • Markets turning "risk off" after South Korea reported 31 more cases of the #coronavirus and when China cut prime rates (as expected). Seems like the latter was not enough to satisfy the markets. $NZDUSD and $AUDUSD pointing lower with #SPX and #Nikkei225 futures down https://t.co/ttqb5MnfVL
  • RT @GunjanJS: Declining growth rate in coronavirus cases hint that outbreak is subsiding, via JPMorgan https://t.co/phVNTWpZCM
  • South Korea confirms 41 additional #coronavirus cases, bringing total to 82 -BBG
  • 🇨🇳 CNY 5-Year Loan Prime Rate (FEB), Actual: 4.75% Expected: 4.75% Previous: 4.8% https://www.dailyfx.com/economic-calendar#2020-02-20
  • 🇨🇳 CNY 1-Year Loan Prime Rate (FEB), Actual: 4.05% Expected: 4.05% Previous: 4.15% https://www.dailyfx.com/economic-calendar#2020-02-20
  • The #Euro may have more room to fall versus its major peers such as the US Dollar, Japanese Yen and British Pound. What is the technical picture of EUR/USD, EUR/JPY and EUR/GBP? Get your market update from @ddubrovskyFX here: https://t.co/M6fLA9g3BK https://t.co/9bSzv7ivVc
  • If you missed my coverage of the Australian jobs report where I discussed $AUDUSD, $AUDJPY, $AUDNZD and $AUDCAD, check out the recording on YouTube here - https://t.co/nZkHmgznFF
  • Heads Up:🇨🇳 CNY 1-Year Loan Prime Rate (FEB) due at 01:30 GMT (15min), Actual: N/A Expected: 4.05% Previous: 4.15% https://www.dailyfx.com/economic-calendar#2020-02-20
  • Heads Up:🇨🇳 CNY 5-Year Loan Prime Rate (FEB) due at 01:30 GMT (15min), Actual: N/A Expected: 4.75% Previous: 4.8% https://www.dailyfx.com/economic-calendar#2020-02-20
EUR/JPY Classical 07.06

EUR/JPY Classical 07.06

2010-07-06 05:32:00
Joel Kruger, Technical Strategist
Share:

eurjpy2

Eur/Jpy: Overall structure remains intensely bearish, but difficult to establish clear directional bias at current levels, with medium-term studies looking quite stretched. As such, we would recommend looking to buy into dips back towards 1.0700 in anticipation of a major upside reversal beyond 115.00 over the coming days. 

 

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 discuss 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.