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
GBP/USD
Mixed
USD/JPY
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
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
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
Bearish
More View more
Real Time News
  • The Canadian Dollar rose with crude oil prices, extending the top in $USDCAD. The anti-risk Japanese #Yen may gain if U.S. Airbus tariff hikes fuel market pessimism in Asia trade #CrudeOil $USDJPY - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2020/02/17/USDCAD-Extends-Top-as-Crude-Oil-Prices-Rise-Yen-May-Gain-Next.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/VMVQfo5VAX
  • 🇬🇧 GBP Rightmove House Prices (YoY) (FEB), Actual: 2.9% Expected: N/A Previous: 2.7% https://www.dailyfx.com/economic-calendar#2020-02-17
  • 🇯🇵 JPY Nominal Gross Domestic Product (QoQ) (4Q P), Actual: -1.2% Expected: -0.6% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2020-02-16
  • 🇯🇵 JPY Gross Domestic Product Annualized s.a. (QoQ) (4Q P), Actual: -6.3% Expected: -3.8% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2020-02-16
  • Heads Up:🇬🇧 GBP Rightmove House Prices (YoY) (FEB) due at 00:01 GMT (15min), Actual: N/A Expected: N/A Previous: 2.7% https://www.dailyfx.com/economic-calendar#2020-02-17
  • 🇯🇵 JPY Gross Domestic Product s.a. (QoQ) (4Q P), Actual: -1.6% Expected: -1.0% Previous: 0.1% https://www.dailyfx.com/economic-calendar#2020-02-16
  • Japanese GDP, Annualized, SA, QoQ: Actual: -6.3% Est: -3.8% Prior: 0.5%
  • Japanese GDP, SA, QoQ: Actual: -1.6% Est: -1.0% Prior: 0.1%
  • Australian Dollar Outlook Bearish as AUD/NZD Resumes Retreat - https://www.dailyfx.com/forex/market_alert/2020/02/14/Australian-Dollar-Outlook-Bearish-as-AUDNZD-Resumes-Retreat.html
  • #EURUSD pivot points (daily) – S3: 1.0775, S2: 1.0808, S1: 10819, R1: 1.0852, R2: 1.0873, R3: 1.0905 - https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
EUR/JPY Classical Technical Report 09.07

EUR/JPY Classical Technical Report 09.07

2011-09-07 06:13:00
Joel Kruger, Technical Strategist
Share:
EURJPY_Classical_body_eurjpy2.png, EUR/JPY Classical Technical Report 09.07

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.