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. See our updated Privacy Policy here.

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
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
Wall Street
Mixed
Gold
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
GBP/USD
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
USD/JPY
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
More View more
Real Time News
  • $USD still going, resistance nearing https://t.co/laG0JqjQVT https://t.co/Tak9nEizO2
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: France 40: 0.03% Germany 30: 0.02% US 500: 0.01% Wall Street: 0.00% FTSE 100: -0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/TqNCKZXVgt
  • $Gold trying to hold this support, 's1' from the article earlier today $GC $GLD https://t.co/1lQ3c7CPkE https://t.co/NjIk6UPYlN
  • Fed's Powell: - The economy is on the mend after a long period of decline - We will keep a close eye on inflation to make sure our assumptions are correct
  • DAX is making its way higher, but the grinding wedge behavior is concerning CAC has been extremely impressive, but a dip could be around the bend. Get your #DAX market update from @PaulRobinsonFX here:https://t.co/rD3sYiWGk4 https://t.co/8PLSIwLlAl
  • Fed's Powell: - The problem we have with inflation has nothing to do with the central banking system - We will taper when we feel the economy has achieved substantial further progress
  • trendline dance $ES $SPX looks almost too clean with scope. almost 'easy' with enough hindsight. reality is this was a messy scenario and the short-term chart shows that (img 2) ES +36 as of now https://t.co/2qhaz0w6mB https://t.co/qIRIZ9DJ7B
  • Fed's Powell: - There is nothing in the framework that prevents us from achieving our objectives - We are not in a "behind the curve" scenario
  • Fed's Powell: - A higher neutral rate would allow for further rate cuts - We can't estimate the neutral rate with great precision
  • Fed's Powell: - The fundamental factors that have weighed on inflation for the past quarter-century remain unchanged - If inflation rises to a degree or persists long enough, we will be prepared to use tools to counter it
EUR/JPY Technical Analysis: Euro Dips to 3-Week Low

EUR/JPY Technical Analysis: Euro Dips to 3-Week Low

Ilya Spivak, Head Strategist, APAC

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points:

  • EUR/JPY Technical Strategy: Flat
  • Support: 138.12, 137.17, 136.22
  • Resistance: 139.30, 140.03, 141.21

The Euro resumed its descent against the Japanese Yen, with prices touching the weakest level in three weeks. A daily close below the 38.2% Fibonacci expansion at 138.12 exposes the 137.17-43 area marked by a formerly broken channel top and the 50% level. Alternatively, a reversal above the 23.6% Fib at 139.30 clears the way for a test of the 14.6% expansion at 140.03.

Prices are too close to support to justify entering short from a risk/reward perspective. On the other hand, the absence of a defined bullish reversal signal suggests taking up the long side is premature. With that in mind we will remain flat for now.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

EUR/JPY Technical Analysis: Euro Dips to 3-Week Low

Daily Chart - Created Using FXCM Marketscope 2.0

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

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

DISCLOSURES