News & Analysis at your fingertips.

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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bullish
Wall Street
Mixed
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
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/10:30 AM GMT for insight on London #FX and #CFD trading. Register here: https://t.co/AoM3UvLtcF https://t.co/YUu7Pwos43
  • 🇩🇪 Ifo Business Climate (NOV) Actual: 90.7 Expected: 90.1 Previous: 92.5 https://www.dailyfx.com/economic-calendar#2020-11-24
  • Brush up your knowledge on #tradewars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here: https://t.co/ZWaL6laTU5 https://t.co/1MAj9f6meB
  • 🇩🇪 Ifo Business Climate (NOV) Actual: 90.7 Expected: 90.1 Previous: 92.7 https://www.dailyfx.com/economic-calendar#2020-11-24
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.97%, while traders in NZD/USD are at opposite extremes with 74.26%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/jGEHciMOxY
  • Heads Up:🇩🇪 Ifo Business Climate (NOV) due at 09:00 GMT (15min) Expected: 90.1 Previous: 92.7 https://www.dailyfx.com/economic-calendar#2020-11-24
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.90% Gold: -0.56% Silver: -0.56% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/BVI5sIyKr7
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here: https://t.co/5uSWKoLkd6 https://t.co/rouvUq7T9R
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.90% 🇦🇺AUD: 0.89% 🇨🇦CAD: 0.37% 🇪🇺EUR: 0.25% 🇯🇵JPY: 0.21% 🇨🇭CHF: 0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/9rLTlEAVAy
  • Risk-on tilt to kick-off the European trading session Haven-associated $USD and $JPY extending declines while the cyclically sensitive $AUDUSD soars to multi-month highs European equity markets aiming higher #DAX30 - +0.55% #EUStoxx50 - +0.52% #FTSE100 - +0.55%
EUR/JPY Classical Technical Report 01.30

EUR/JPY Classical Technical Report 01.30

2012-01-30 07:47:00
Joel Kruger, Technical Strategist
Share:
Daily_Classical_EURJPY_body_eurjpy2.png, EUR/JPY Classical Technical Report 01.30

EUR/JPY:Although the market remains locked in an intense downtrend, daily studies are finally correcting from oversold territory and out from multi-year lows with the market looking to establish back above 100.00. From here, there is room for additional corrective gains, with a break back above 102.55 to officially alleviate immediate downside pressures and potentially open a legitimate trend reversal. Setbacks should now be well supported ahead of 98.00, while only back under 97.00 negates and opens fresh downside. A bullish outside week further confirms short-term constructive outlook.

--- 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