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
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
Wall Street
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
Gold
Bullish
GBP/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
USD/JPY
Bearish
More View more
Real Time News
  • Italian PM Conte won support for his government in the Chamber of Deputies 321 to 259. He will face a more difficult vote in the Senate tomorrow
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.17% 🇨🇭CHF: 0.05% 🇪🇺EUR: 0.01% 🇨🇦CAD: -0.18% 🇳🇿NZD: -0.26% 🇦🇺AUD: -0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/L7qJIoIuXY
  • 🇳🇿 Electronic Retail Card Spending MoM (DEC) Actual: 19.2% Previous: 0.1% https://www.dailyfx.com/economic-calendar#2021-01-18
  • President-Elect Joe Biden's Treasury Secretary nominee Janet Yellen (former Fed Chairwoman) is due to before the Senate Finance Committee tomorrow at 15:00 GMT (or 10:00 EST)
  • 🇳🇿 Electronic Retail Card Spending YoY (DEC) Actual: 3.5% Previous: 1.4% https://www.dailyfx.com/economic-calendar#2021-01-18
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Silver: 0.79% Gold: 0.49% Oil - US Crude: -0.57% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/bTtIH1q2ja
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in NZD/USD are at opposite extremes with 67.03%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/wmO5VkczyC
  • Heads Up:🇳🇿 Electronic Retail Card Spending MoM (DEC) due at 21:45 GMT (15min) Previous: 0.1% https://www.dailyfx.com/economic-calendar#2021-01-18
  • Heads Up:🇳🇿 Electronic Retail Card Spending YoY (DEC) due at 21:45 GMT (15min) Previous: 1.4% https://www.dailyfx.com/economic-calendar#2021-01-18
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/eqBimjEp0E
USD/JPY Classical Technical Report 04.05

USD/JPY Classical Technical Report 04.05

Joel Kruger, Technical Strategist
daily_classical_usdjpy_body_usd.png, USD/JPY Classical Technical Report 04.05

USD/JPY: Has been locked in some consolidation since the market broken to fresh 2012 highs beyond 84.00 with technical studies unwinding from overbought levels before consideration is to be given for the next major upside extension. The key levels to watch above and below come in at 84.20 and 81.50 and a break on either end will be required for clearer short term directional bias. However, given the bullish breakout in 2012, all signs point to a major structural shift which favors additional upside beyond 84.20 and into the 85.00-90.00 area further up. Ultimately, only back under 80.00 would give reason for concern.

.

--- 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