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
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Have you been catching on your @DailyFX podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/oPONI8N0HQ
  • [corr] All things considered, $USDSGD, $USDMYR, $USDPHP and $USDIDR failed to generate much upside momentum lately despite rising volatility in the #SP500 Could this continue from here? Check out my latest #ASEAN fundamental outlook here - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/09/22/US-Dollar-Struggles-as-SP-500-Diverges-With-Emerging-Market-Capital.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/5VqRg9Or9d
  • The London trading session accounts for around 35% of total average forex turnover*, the largest amount relative to its peers. The London forex session overlaps with the New York session. Learn about trading the London forex session here: https://t.co/UTWxbnNz7M https://t.co/Q5Z63avFT9
  • 🇳🇱 Consumer Confidence (SEP) Actual: -28.0 Previous: -29 https://www.dailyfx.com/economic-calendar#2020-09-22
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.44%, while traders in EUR/JPY are at opposite extremes with 63.92%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/3GHqQCJAES
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.13% 🇯🇵JPY: 0.13% 🇬🇧GBP: 0.04% 🇨🇭CHF: 0.01% 🇪🇺EUR: -0.02% 🇦🇺AUD: -0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/8b6rFvHNUQ
  • Heads Up:🇳🇱 Consumer Confidence (SEP) due at 04:30 GMT (15min) Previous: -29 https://www.dailyfx.com/economic-calendar#2020-09-22
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: France 40: 0.93% Germany 30: 0.92% FTSE 100: 0.64% US 500: 0.04% Wall Street: 0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/Zmv8UJJiwM
  • #Gold and #Silver are at risk of extending their slide from monthly highs as the lack of additional fiscal stimulus and rising geopolitical tensions underpin #USD https://www.dailyfx.com/forex/market_alert/2020/09/22/Gold-and-Silver-Vulnerable-on-Stagnating-Stimulus-Talks-USD-Resurgence.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $GC $SI $SLV $GLD https://t.co/jtRiglOqXy
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here: https://t.co/lAFyv1gM0P https://t.co/jFPoXSapC8
Forex Analysis: EURJPY Classic Technical Report 11.01.2012

Forex Analysis: EURJPY Classic Technical Report 11.01.2012

2012-11-01 08:06:00
Ilya Spivak, Head Strategist, APAC
Share:

Prices found support at a rising trend line set from late July and are bouncing to retest resistance at 104.61. A break above that exposes the 107.99 level. Trend line support is now at 102.41. A push below that exposes the 38.2% Fibonacci retracement at 100.58.

Forex_Analysis_EURJPY_Classic_Technical_Report_11.01.2012_body_Picture_5.png, Forex Analysis: EURJPY Classic Technical Report 11.01.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

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

DISCLOSURES