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
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
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
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
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
Mixed
More View more
Real Time News
  • We see this level as a key inflection point for the S&P 500. In terms of support, the 200WMA sits at 2648 where a closing break below puts 2500 back into focus. Get your S&P500 market update from @JMcQueenFX here:https://t.co/8lpC6QMC7u https://t.co/KowlqUPfHI
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.87% 🇳🇿NZD: 0.67% 🇬🇧GBP: 0.50% 🇨🇭CHF: -0.22% 🇪🇺EUR: -0.30% 🇨🇦CAD: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/6dxOImURfI
  • UK PM Johnson's #coronavirus condition is improving - BBG
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Wall Street: 2.33% US 500: 2.12% France 40: 0.39% Germany 30: 0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/L0fSmyArxx
  • UK reports 938 virus deaths in deadliest day so far $GBPUSD
  • RT @DeItaOne: EVANS: U.S. UNEMPLOYMENT WILL GO 'VERY HIGH,' COULD HIT 20%
  • RT @staunovo: Oil Demand Slumps 70% in #India as Third-Biggest Buyer Shuts Down #oott https://t.co/LuTICEsvUU
  • US 154-Day Bills Draw 0.250% Primary Dealers Awarded: 55.0% Indirect Bidders Accepted:43.4% Direct Bidders Accepted: 1.6% B/C Ratio: 2.60
  • Crude oil is awaiting the OPEC+ decision ahead, but in the meantime, the 20-day ATR and $OVX volatility index are both very high https://t.co/QYwyYKTuze
  • Fed temporarily eases growth limit on Wells Fargo to spur more lending $SPX
Guest Commentary: USD/JPY remains sideways but bullish

Guest Commentary: USD/JPY remains sideways but bullish

2013-09-13 15:15:00
Eric Morera, Technical Strategist
Share:

USDJPY remains in a sideways consolidation with a bullish bias. This sideways consolidation can play out in a number of different ways as far as Elliott wave patterns go but strategy remains to look to buy the dips rather than selling rallies. Timing cycles are calling for a low on 10.4.2013.

If you liked the analysis, visit our website and sign up for 14 day trial. We cover 25 instruments in 4 different times and update 1 hour charts 4 times a day so you are never left in the dark.

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

DISCLOSURES

News & Analysis at your fingertips.