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
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
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.65%, while traders in France 40 are at opposite extremes with 84.85%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/jG45w8zAEK
  • Now consider the long-term trajectory of inflation and bond yields in this context, and where we are today starts making a lot more sense... https://t.co/smTjd1lF6n
  • My trading video for today: 'Dollar Extend Slide on Trump-Powell Meeting, Risk Unperturbed by Currency, Trade War Risks' https://www.dailyfx.com/forex/video/daily_news_report/2019/11/19/Dollar-Extend-Slide-on-Trump-Powell-Meeting-Risk-Unperturbed-by-Currency-Trade-War-Risks.html?CHID=9&QPID=917719
  • Canadian Dollar Forecast in AUD/CAD, NZD/CAD, GBP/CAD Rates #CAD $AUDCAD $NZDCAD $GBPCAD - https://www.dailyfx.com/forex/fundamental/article/special_report/2019/11/19/Canadian-Dollar-Forecast-in-AUDCAD-NZDCAD-GBPCAD-Rates.html?CHID=9&QPID=917702 https://t.co/M0QbJLCrLZ
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.06% 🇪🇺EUR: 0.02% 🇨🇦CAD: 0.00% 🇨🇭CHF: -0.05% 🇳🇿NZD: -0.11% 🇦🇺AUD: -0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/aluzscA5px
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: France 40: 0.39% Germany 30: 0.30% Wall Street: 0.15% US 500: 0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/YkBg8TG2NM
  • $EURGBP broke through a congestive range it has been stuck in since around mid-October. What are the implications for the pair’s downside breakout and where is it heading? Get your market update from @ZabelinDimitri here:https://t.co/hHaGgulbQD https://t.co/Fo1OZGrpQc
  • Overnight index swaps are pricing in an 37.1% probability of a RBNZ rate cut during its next meeting on 02/12/2020 #NZD
  • The rate of change on the FOMC's balance sheet is tracking the fastest growth since late 2013. Let's see how long this carries the $SPX https://t.co/1rPRVgEOoi
  • LIVE NOW: Join Currency Analyst @ZabelinDimitri as he previews the upcoming week’s main political themes and discusses their impact on the financial markets. Register here: https://t.co/go8VOJyd7n
EUR/JPY Classical 03.29

EUR/JPY Classical 03.29

2011-03-29 05:28:00
Joel Kruger, Technical Strategist
Share:
EURJPY_Classical_body_eurjpy2.png, EUR/JPY Classical 03.29

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 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.