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
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
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
Mixed
Oil - US Crude
Bullish
Bitcoin
Bearish
More View more
Real Time News
  • South Korea confirms 52 further cases of the #coronavirus , bringing total to 156 -BBG
  • Bank of Japan Governor Haruhiko Kuroda - Cannot measure impact of #coronavirus yet - Virus likely to hit supply chains, tourism and exports - Will take appropriate measures as necessary but doesn't believe policy measures are needed at this time (BBG)
  • When your girlfriend says she’s visiting the Fed for work: https://t.co/sZjs9aW3eJ
  • The $GBP recoiled from chart resistance against the US Dollar, setting the stage for prices to resume a bearish trend reversal triggered mid-January. Get your market update from @IlyaSpivak here:https://t.co/lVpyZkIfJt https://t.co/zCGq8Kpoqy
  • The Australian Dollar outlook may shift further bearish after $AUDUSD took out key support. This followed a broadly pessimistic day in stocks as the haven-linked US Dollar soared #AUD #USD - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2020/02/21/Australian-Dollar-Outlook-May-Deepen-Bearish-AUDUSD-Clears-Support.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/bIxUJhwp30
  • Heads Up:🇯🇵 JPY Nikkei Japan PMI Manufacturing (FEB P) due at 00:30 GMT (15min), Actual: N/A Expected: N/A Previous: 48.8 https://www.dailyfx.com/economic-calendar#2020-02-21
  • Anti-risk Japanese Yen edging modestly higher against G10 counterparts with S&P 500 futures turning shyly lower. Exact catalyst is unknown, but fear around #coronavirus may be the culprit.
  • It took a trade deal and aggressive intervening from the Fed in overnight lending markets to get back into positive territory, dare I ask what could it take this time? https://t.co/RVmPUL8KjF
  • RT @Fxhedgers: AIR INDIA CANCELLING FLIGHTS TO CHINA UNTIL JUNE 30, KLM EXTENDING BEIJING AND SHANGHAI SUSPENSIONS UNTIL MARCH 28 - BLOOMBE…
  • Last time we got elevated US-Turkey tension there was a spike in fear about the prospect of an emerging market debt contagion that took a couple of weeks to cool off but equities and commodity-linked FX paid the price in the meantime. https://t.co/Fwzh9uaLOD
EUR/JPY Classical Technical Report 12.07

EUR/JPY Classical Technical Report 12.07

2011-12-07 07:38:00
Joel Kruger, Technical Strategist
Share:
Daily_Classical_EURJPY_body_eurjpy2.png, EUR/JPY Classical Technical Report 12.07

EUR/JPY: The latest break back below the daily Ichimoku cloud delays any hopes for a meaningful recovery on the cross and opens the door for a more significant decline back down towards critical support by the recently established multi-year lows at 100.75. However, there is some evidence of a bullish reversal following some constructive price action in the previous week, but a break and close back above 105.70 would be required to negate bearish outlook and relieve immediate downside pressures.

.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to jskruger@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.