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
Mixed
USD/JPY
Bearish
Gold
Mixed
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
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
  • monthly $SPX chart downright disgusting, little over one day left for candle completion. This is an area to be careful with LT techs. So much fundamental fuel behind this + a March FOMC rate decision. Some type of emergency move (or warning of such) looking more and more likely https://t.co/OPEAj7Zyp6
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.94%, while traders in USD/CAD are at opposite extremes with 70.16%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ODVocTrdav
  • weekly $USD chart not very encouraging for dollar bulls. Not yet complete evening star + resistance from prior support trendline. no bueno https://t.co/EdVeJhD2As
  • this article is from Tuesday. Both the long and short $USD options have played through with $USDCAD and $EURUSD breakouts. Meanwhile, $USD down the drain, still in bull flag, for now https://t.co/nvk4X6LH79 https://t.co/EN0K4HRyQB
  • $USDCAD breaks out, fresh four-month-highs. Currently caught at the October swing high. https://t.co/GOa280Q75D
  • $EURUSD next resistance out. 1.1000 are looms large. Big support last year, hasn't yet seen much of a resistance test https://t.co/lE3eEjJ6dy
  • As prices dance around on charts, traders are often looking for reasons to explain price movements; however, the underlying source of price movement boils down to the relationship between supply and demand. Learn more about the forces of S&D on forex here: https://t.co/8LfkLXbj2W https://t.co/heURFpRLcY
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Silver: 0.56% Gold: 0.36% Oil - US Crude: -1.99% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/XM6m0QSNUs
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.58% 🇪🇺EUR: 0.54% 🇳🇿NZD: 0.45% 🇯🇵JPY: 0.31% 🇨🇦CAD: -0.02% 🇬🇧GBP: -0.28% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/gV6RKUgVti
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Wall Street: -1.19% US 500: -1.21% France 40: -2.41% Germany 30: -2.59% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/NJCKfaH5f1
EUR/JPY Classical 02.21

EUR/JPY Classical 02.21

2011-02-21 06:48:00
Joel Kruger, Technical Strategist
Share:
EURJPY_Classical_body_eurjpy2.png, EUR/JPY Classical 02.21

EUR/JPY:The market remains very well supported on dips with the overall price action defined as consolidative. However, given where the market trades historically, we continue to like the idea of being buyers down by current levels in favor of a major bullish reversal over the coming months. For now, key resistance comes in by the multi-week consolidation highs at 115.70, and a break and close back above this level will be required to officially force a shift in the structure. In the interim, buying dips towards 110.00 is favored.

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 jskruger@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.