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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
USD/JPY Classic Technical Report 07.09.2012

USD/JPY Classic Technical Report 07.09.2012

Ilya Spivak, Head Strategist, APAC

Prices are showing a Bullish Engulfing candlestick pattern above rising trend line support set from the early June swing bottom, hinting a move higher may be ahead. Minor trend line support-turned-resistance lines up at 79.74, with a break that exposing the 80.00 figure and 80.15. Near-term support is at 79.52.

USDJPY_Classic_Technical_Report_07.09.2012_body_Picture_5.png, USD/JPY Classic Technical Report 07.09.2012

4hr Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to

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