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.

Free Trading Guides
EUR/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
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
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
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
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
More View more
Real Time News
  • Commodities Update: NYM WTI Crude 36.75 (+3.70%), ICE Brent Crude 39.46 (+2.97%), NYM NYH Gasoline 111.54 (+4.57%). [delayed]
  • While the Dollar's tumble is one of the more impressive moves in the broader markets at the moment - its run is bearish. Its bullish counterpoint was the Aussie Dollar. Impressive move across board, but $AUDJPY's 2-day rally is biggest since July 2016 https://t.co/YtpXVs3bKP
  • Gold currently trades around $1,740/oz. and looks set to push higher if the sell-off in the US dollar continues. Get your $gld technical analysis from @nickcawley1 here:https://t.co/oFwLhi2XB8 https://t.co/nFQcplaexS
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.25% Gold: -0.81% Silver: -1.73% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/IKRKgZf2ha
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.98%, while traders in US 500 are at opposite extremes with 72.99%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Q4CoU5iGAD
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.72% US 500: 0.50% Germany 30: 0.39% France 40: 0.37% FTSE 100: 0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/r0ZOaGGpwp
  • US tech stocks turn positive in afternoon trading, following the Dow Jones and SP500 into positive territory https://t.co/stt1JvXAaH
  • Update on #Cryptocurrencies #BITCOIN -0.91% #BITCOINCASH +1.48% #ETHEREUM -1.58% #RIPPLE -1.35% #LITECOIN -2.48%
  • $AUDUSD pushes further into multi-month highs this morning as risk appetite improves https://t.co/jCjpOT2kbP
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.98%, while traders in US 500 are at opposite extremes with 73.36%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ZZhiVDU0Ey
USD/JPY Technical Analysis: Longest Loss Streak in 3 Months

USD/JPY Technical Analysis: Longest Loss Streak in 3 Months

2015-04-17 06:18:00
Ilya Spivak, Head Strategist, APAC
Share:

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

Talking Points:

  • USD/JPY Technical Strategy: Flat
  • Support: 118.93, 118.20, 117.30
  • Resistance: 119.66, 120.68, 121.41

The US Dollar fell against the Japanese Yen as expected after prices put in a bearish Dark Cloud Cover candlestick pattern. Near-term support is at 118.93, the 50% Fibonacci retracement, with a break below that on a daily closing basis exposing the 61.8% level at 118.20. Alternatively, push above the 38.2% Fib at 119.66 clears the way for a test of the 38.2% Fib expansion at 120.68.

The available trading range is too narrow to justify entering a trade on the long or short side from a risk/reward perspective. With that in mind, we will remain flat for now, waiting for price action to offer a more compelling opportunity down the road.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

USD/JPY Technical Analysis: Longest Loss Streak in 3 Months

Daily Chart - Created Using FXCM Marketscope

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

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

DISCLOSURES

News & Analysis at your fingertips.