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EUR/USD Eyes 2021 Low Ahead of Fed Meeting as ECB Defends Dovish Guidance
2021-09-20 14:00:00
US Dollar Dominant Uptrend Back In Focus: EUR/USD, USD/JPY, NZD/USD, USD/CHF
2021-09-20 03:30:00
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Has inflation peaked and what next for the Dollar? – The Macro Setup
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2021-09-18 11:00:00
How to Research Stocks: A Step by Step Guide
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Gold Price Outlook Hinges on Fed Rate Decision & Forward Guidance
2021-09-18 21:00:00
Gold Price Forecast: Gold Plunges to Key Support- XAU/USD FOMC Levels
2021-09-17 20:00:00
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Markets Week Ahead: US Dollar, FOMC, GBP/USD, BoE, USD/JPY, BoJ, AUD/USD, Chinese Debt Crisis
2021-09-20 12:30:00
GBP/USD Technical Forecast: Pound Sterling at Risk of a Downside Breakout
2021-09-19 01:00:00
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Markets Week Ahead: US Dollar, FOMC, GBP/USD, BoE, USD/JPY, BoJ, AUD/USD, Chinese Debt Crisis
2021-09-20 12:30:00
US Dollar Dominant Uptrend Back In Focus: EUR/USD, USD/JPY, NZD/USD, USD/CHF
2021-09-20 03:30:00
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Real Time News
  • EUR/USD extends the series of lower highs and lows from the previous week as European Central Bank (ECB) officials defend the dovish forward guidance for monetary policy. Get your $EURUSD market update from @DavidJSong here:https://t.co/4dgXe9lMik https://t.co/5CkSsQKawh
  • There are reasonable disputes over where technical boundaries exist from people with different views, charts, time frames, etc. I think this $SPX gap down and drive below the 50-day SMA clearly qualifies as a break https://t.co/M15HsOyvoG
  • Some people like a quiet market that edges higher consistently day in and day out. I am not one of those people. I like volatility
  • 🇺🇸 NAHB Housing Market Index (SEP) Actual: 76 Expected: 74 Previous: 75 https://www.dailyfx.com/economic-calendar#2021-09-20
  • The Fed has a rate decision on Wednesday which means that they’re in a blackout period now, preventing the possibility of Fed-speak to perk markets up until we hear the rate decision later this week. Get your market update from @JStanleyFX here:https://t.co/bYjo3Blq51 https://t.co/F51NbRoIOi
  • Heads Up:🇺🇸 NAHB Housing Market Index (SEP) due at 14:00 GMT (15min) Expected: 74 Previous: 75 https://www.dailyfx.com/economic-calendar#2021-09-20
  • quick write-up ahead of the us equity open https://www.dailyfx.com/forex/market_alert/2021/09/20/stocks-hit-as-evergrande-risk-begins-to-spread.html https://t.co/e1KeExz369
  • Airliners hitting session highs following these reports - IAG +7.7% https://t.co/6l9YeffkIy
  • US to relax EU/UK travel restrictions for vaccinated - FT
  • S&P 500 Weekly chart for perspective we're < 5% off of ath's set in early-Sept, at this point $ES $SPY $SPX https://t.co/XO0GWRe2Ov https://t.co/dkYu360DoA
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

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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

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