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
Bullish
GBP/USD
Bullish
USD/JPY
Bearish
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
Oil - US Crude
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
Bitcoin
Bullish
More View more
Real Time News
  • Long wick candles are recurrent within the forex market. This makes understanding the meaning behind these candles invaluable to any trader to comprehend the market dynamics during a specific period. Learn about the importance of extended wicks here: https://t.co/SIpslvhX0J https://t.co/2CzfSogTXb
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: US 500: -0.29% Wall Street: -0.49% France 40: -1.55% Germany 30: -2.21% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/hPZB536FYs
  • First case of coronavirus in Latin America after Brazilian government confirmation $BRL
  • LIVE NOW! Currency Startegist @PaulRobinsonFX discusses important technical developments relevant to short to intermediate-term commodity and equity index traders here - https://www.dailyfx.com/webinars/816147795?CHID=9&QPID=917720&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Housing data may be more heavily scrutinized in 2020 as softer global growth places more stress on the consumer to keep the American economy afloat. Get your market update from @ZabelinDimitri here: https://t.co/ms4EGbJ1WF https://t.co/sui80Dc5Pz
  • LIVE IN 30 MIN: Currency Startegist @PaulRobinsonFX discusses important technical developments relevant to short to intermediate-term commodity and equity index traders here - https://www.dailyfx.com/webinars/816147795?CHID=9&QPID=917720&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/s57BFFNerk
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/10:30 AM GMT to gain insight on indices and commodities for the active trader. Register here: https://t.co/gghsFsZYlx https://t.co/fxL1oNZFqG
  • RT @IGSouthAfrica: Last chance to register for today's 'Price gap analysis' webinar starting at 12pm with @ShaunMurison_IG register free he…
  • #USD / #ZAR vs SA Financial Index #Budget2020 #CoronavirusOutbreak the major influencers right now https://t.co/jvtDqfnG1e
Forex Strategy Video: Gauging Breakout Potential on USDJPY, GBPUSD, S&P 500

Forex Strategy Video: Gauging Breakout Potential on USDJPY, GBPUSD, S&P 500

2013-10-24 21:16:00
John Kicklighter, Chief Currency Strategist
Share:

Talking Points:

• There are many breakout opportunities setting up in the market, but not all setups are created equal

USDJPY is sitting on the bottom of a major channel, but the path of least resistance may curb bears

• Meanwhile, 3Q UK GDP can act as a distinct catalyst to drive GBPUSD through multi-year resistance

Sign up for John’s email distribution list, here.

At any one time, there are always breakout possibilities somewhere in the FX market. In fact, we currently have opportunities in pairs like USDJPY, EURJPY, GBPUSD and even the S&P 500. Yet, the process of establishing a surge in volatility, finding the technical cue and generating follow through requires certain underlying elements to secure. In today's Forex Strategy Video, we discuss the particulars of breakouts and how to trade them.

Expect breakouts? Use the DailyFX Breakout 2 strategy to signal or confirm setups!

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

DISCLOSURES

News & Analysis at your fingertips.