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
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
GBP/USD
Bearish
USD/JPY
Bullish
Gold
Mixed
Oil - US Crude
Bullish
Bitcoin
Bearish
More View more
Real Time News
  • Fed's Barkin: - Significant and extended fiscal policy makes sense - We have taken the balance sheet down $DXY
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Germany 30: -0.09% France 40: -0.12% Wall Street: -0.72% US 500: -0.73% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/svzRV1JmbY
  • Fed's Barkin: - We already have a digital currency, its the US Dollar $DXY
  • Fed's Barkin: - Stock market not reacting to certain events is surprising $DXY $VIX
  • Fed's Barkin: - Coronavirus injecting a lot of uncertainty - Logistics in China making it hard to get manufacturing restarted $USDCNH
  • US #equity futures are marginally lower, with the #Dow Jones down 0.1%. However, despite the investor angst over the rising spread of the #Coronavirus, US equities have generally remained relatively robust. Get your market update from @JMcQueenFX here: https://t.co/QszmxFnYpt https://t.co/a77cCZFQ3B
  • Fed's Barkin: - US economy pacing well - Investment should recover with reduced uncertainty around trade $DXY $SPX
  • RT @TheBubbleBubble: World government debt to hit record $53 trillion this year: S&P Global: https://t.co/8cwkXqiI6j $TLT $IEF
  • #Oil prices find support as market angst around the novel #coronavirus outbreak dissipate and prospects for more production cuts from #OPEC grow, but the rebound in crude could be short-lived. (via @DailyFX) Full Analysis: https://www.dailyfx.com/forex/technical/home/analysis/usoil/2020/02/20/crude-oil-extends-support-bounce-on-opec-as-virus-fears-abate.html $USO $CL_F #OOTT #CrudeOil #WTI https://t.co/W3zkXjuqf5
  • $USDJPY rises to highest level since April 24th https://t.co/0xPjuttP9i
EUR/JPY Classical Technical Report 09.06

EUR/JPY Classical Technical Report 09.06

2011-09-06 06:16:00
Joel Kruger, Technical Strategist
Share:
EURJPY_Classical_body_eurjpy2.png, EUR/JPY Classical Technical Report 09.06

EUR/JPY: The market remains under pressure for the time being and could be on the verge of a fresh downside extension below 108.00 and back towards some more significant multi-day range support in the 106.00’s. However, any additional declines below 106.00 should be limited, with the greater risk for yet another bounce by the range lows in favor of a significant upside reversal. Officially however, a break back above 112.00 is now required to relive short-term downside pressures.

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.