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
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
Bullish
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • Federal Reserve balance sheet reached new high of $7.1 trillion last week, up from $4.1 trillion a year ago - BBG
  • 🇦🇺 Markit Manufacturing PMI Flash (JAN) Actual: 57.2 Previous: 55.7 https://www.dailyfx.com/economic-calendar#2021-01-21
  • 🇦🇺 Markit Services PMI Flash (JAN) Actual: 55.8 Previous: 57.0 https://www.dailyfx.com/economic-calendar#2021-01-21
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.65% 🇬🇧GBP: 0.58% 🇪🇺EUR: 0.51% 🇦🇺AUD: 0.24% 🇯🇵JPY: 0.05% 🇨🇦CAD: -0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/V3ktSA2TK6
  • Just saw a financial market title that referenced the 'Warren Buffet of England'. Will demand family member refer to me as the Warren Buffet of the Household
  • 🇳🇿 Inflation Rate QoQ (Q4) Actual: 0.5% Expected: 0% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2021-01-21
  • 🇳🇿 Inflation Rate YoY (Q4) Actual: 1.4% Expected: 1% Previous: 1.4% https://www.dailyfx.com/economic-calendar#2021-01-21
  • Heads Up:🇦🇺 Markit Manufacturing PMI Flash (JAN) due at 22:00 GMT (15min) Previous: 55.7 https://www.dailyfx.com/economic-calendar#2021-01-21
  • Heads Up:🇦🇺 Markit Services PMI Flash (JAN) due at 22:00 GMT (15min) Previous: 57.0 https://www.dailyfx.com/economic-calendar#2021-01-21
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Silver: 0.49% Oil - US Crude: -0.11% Gold: -0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/u4nNitXQc4
Forex: USD/JPY Technical Analysis – Turn Lower Hinted Ahead

Forex: USD/JPY Technical Analysis – Turn Lower Hinted Ahead

Ilya Spivak, Head Strategist, APAC

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

USD/JPY Technical Analysis – Prices put in a Spinning Top candlestick below resistance at the top of a large Triangle chart pattern carved out since late February, a barrier is reinforced by the 38.2% Fibonacci retracement at 98.80. The setup warns a move lower is ahead, with a break below initial support at the 50% Fib (97.28) exposing the 61.8% level at 95.76. Alternatively, a break above resistance targets the 23.6% retracement at 100.68.

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_usd-jpy_1_body_Picture_4.png, Forex: USD/JPY Technical Analysis – Turn Lower Hinted Ahead

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

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