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
Search results
No entries matching your query were found.
English Español Français Deutsch 中文（繁體） 中文（简体）
Free Trading Guides
Subscribe
Please try again
EUR/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
News
Weekly US Dollar Fundamental Forecast: All Eyes on January Fed Meeting
2021-01-23 18:00:00
Euro Weekly Technical Outlook: EUR/USD May Dip More Before Finding Support
2021-01-23 04:00:00
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
News
Gold and Crude Oil Prices Watching the US Dollar as the Weekend Nears
2021-01-22 06:00:00
Implied Volatility: What is it & Why Should Traders Care?
2021-01-21 22:30:00
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
News
Dow, VIX, Tesla and Leverage Reflect Greater Risk to the Relentless Bull Market
2021-01-23 06:00:00
Why a Rise in Retail Trading May Signal Another Mania
2021-01-22 22:00:00
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
News
Gold Price Outlook: Gold Weekly Reversal- Bear Market Rally or More?
2021-01-22 20:00:00
Gold Price Forecast: What to Make of Recent Rebound? Levels for XAU/USD
2021-01-22 12:30:00
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
News
Weekly US Dollar Fundamental Forecast: All Eyes on January Fed Meeting
2021-01-23 18:00:00
Sterling (GBP) Weekly Outlook: Two Steps Forward, One Step Back
2021-01-22 16:00:00
USD/JPY
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
News
Weekly US Dollar Fundamental Forecast: All Eyes on January Fed Meeting
2021-01-23 18:00:00
USD/JPY Outlook: Yen Falters Today but Faces Stout Topside Resistance
2021-01-22 13:00:00
More View more
Real Time News
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here: https://t.co/QszmdZX8cS https://t.co/qdrsi61CN8
  • It seems the markets are riding high, but risk is always lurking around the corner. Consider your escape plan before you find yourself in collapsing market. What are the top havens for different conditions in 2021? Find out from @JohnKicklighter here: https://t.co/1oeXWEsJkb https://t.co/IyQdfq29fz
  • Myth or fact? One thing is for sure, there are a lot of misconceptions about trading. Knowing the difference between common trading myths and the reality is essential to long-term success. Find out about these 'myths' here: https://t.co/EDvQdHfIPm https://t.co/R7pa7DsM8n
  • What are some monetary policies that could affect Gold this quarter? Get your Gold free forecast here: https://t.co/bTXkGN1CIM #DailyFXGuides https://t.co/EhdZpmkzaH
  • Even more remarkable than the record high levels of leverage registered in US equities this past week was the attention it garnered. Paying attention to risk is a threat when markets are this high and the docket as dense as it is this week. My outlook: https://www.dailyfx.com/forex/video/daily_news_report/2021/01/23/Dow-VIX-Tesla-and-Leverage-Reflect-Greater-Risk-to-the-Relentless-Bull-Market.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/KBOJIRPTQe
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here: https://t.co/yOEvLjKnct https://t.co/qP2PbS4dsY
  • Are you new to trading? Technical analysis of charts aims to identify patterns and market trends by utilising different forms of technical chart types and other chart functions. Get a refresher on technical analysis or begin building your knowledge here: https://t.co/qV3c7a4YR3 https://t.co/POGWDIkqqz
  • USD hegemony is at risk thanks to changes in the global economy and the long-term consequences of the US-China trade war. Get your market update from @CVecchioFX here: https://t.co/5GO9UrvO4y https://t.co/H76jNJJxU5
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out https://t.co/c51s3IBcEu https://t.co/1TiEWCbJ6t
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge: https://t.co/Qgz89PTxnu https://t.co/fN2mfHgpON
Forex: USD/JPY Technical Analysis – Candle Setup Hints at Gains

Forex: USD/JPY Technical Analysis – Candle Setup Hints at Gains

Ilya Spivak, Head Strategist, APAC

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

Talking Points

  • Prices put in a bullish Morning Star candle pattern, hinting at gains ahead
  • Above resistance at 103.85 (23.6% Fib exp.) exposes 104.27 (channel top)
  • Near-term support is now at 102.14 (channel bottom)

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

dailyclassics_usd-jpy_body_Picture_10.png, Forex: USD/JPY Technical Analysis – Candle Setup Hints at Gains

Daily Chart - Created Using FXCM Marketscope 2.0

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

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? START HERE!

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

Related Articles

USD/CAD Technical Overview: Trend is Down, but Bullish Pattern May Emerge
USD/CAD Technical Overview: Trend is Down, but Bullish Pattern May Emerge
2021-01-22 13:30:00
Gold Price Forecast: What to Make of Recent Rebound? Levels for XAU/USD
Gold Price Forecast: What to Make of Recent Rebound? Levels for XAU/USD
2021-01-22 12:30:00
US Dollar Outlook: USD Snaps Back- Are Bears Taking Control?
US Dollar Outlook: USD Snaps Back- Are Bears Taking Control?
2021-01-21 16:30:00
DAX & CAC Technical Outlook: Trend Remains Bullish with Potentially Bearish Twist
DAX & CAC Technical Outlook: Trend Remains Bullish with Potentially Bearish Twist
2021-01-21 14:00:00
Advertisement

Rates

USD/JPY
Bullish