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
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
USD/JPY
Bullish
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
Oil - US Crude
Bullish
Bitcoin
Bearish
More View more
Real Time News
  • Traders should watch rates of inflation, bond spreads, and export growth (among others) as they gauge whether or not crises are developing in emerging markets. Get your market update from @CVecchioFX here: https://t.co/BH8oal18sz https://t.co/2zQZ9iHB3H
  • New York Federal Reserve purchases $7.501B in T-Bills for reserve management $DXY #USD $TNX
  • RT @LiveSquawk: All Five Members Of FCC Expected To Vote Friday To Bar Huawei, ZTE U.S. Rural Carrier Customers From Tapping An $8.5 Billio…
  • Majority of US Federal Communications Commission members say they will vote to designate #Huawei and #ZTE national security risks according to Reuters
  • If there were a product equivalent of WeWork's IPO, this would be it... https://t.co/ktToYMLg2w
  • USD Kansas City Fed Manf. Activity (NOV) Actual: -3 Expected: -2 Previous: -3 https://www.dailyfx.com/calendar?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • The $CAD made a strong drive lower this week, putting itself below the 200-day MA versus the US Dollar, or above when looking at USD/CAD. Get your technical analysis from @PaulRobinsonFX here: https://t.co/R7DXgX6CZj https://t.co/QBwnmxh5lI
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.03% 🇨🇦CAD: -0.03% 🇯🇵JPY: -0.04% 🇪🇺EUR: -0.21% 🇨🇭CHF: -0.28% 🇬🇧GBP: -0.52% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/7RWmuNamwg
  • According to Fed Fund futures, there is a 5% probability of a rate hike from the Fed next month. Through Dec 2020, there is a 68% chance of another cut. Here is $DXY vs FF2020-2019 spread https://t.co/KmxTWoxygd
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.23% Germany 30: 0.15% France 40: 0.15% US 500: 0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/HQs6KxbelR
EUR/JPY Classical 03.10

EUR/JPY Classical 03.10

2011-03-10 07:09:00
Joel Kruger, Technical Strategist
Share:
EURJPY_Classical_body_eurjpy2.png, EUR/JPY Classical 03.10

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 116.00, 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 113.00 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.