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
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
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
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
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
Bitcoin
Bearish
More View more
Strategy Video: Picking the Right Strategy for USDJPY

Strategy Video: Picking the Right Strategy for USDJPY

2014-05-06 01:04:00
John Kicklighter, Chief Currency Strategist
Share:

Talking Points:

• On a higher time frame, USDJPY presents a major breakout opportunity

• A breakout from USDJPY and other core yen crosses likely requires a heavy change in 'risk trends'

• Approaching these markets with the appropriate trading strategy may offer us more actional setups

Market conditions change, and our strategy should reflect those changes. We have coded the DailyFX-Plus strategies for Breakout, Range and Momentum to adapt to these market shifts.

See whether the most liquid pairs are presenting range, trend or breakout opportunities with David Rodriguez's Weekly Strategy report.

There is a breakout nearly two decades in the making nearing for USDJPY. However, a setup on that time frame requires a serious fundamental catalyst to resolve and to further support a trend. That takes time, ideal circumstances and the proper strategy. In other words, this may not be a good trade opportunity to exploit right now. That said, USDJPY may still offer active traders setups that exploit current conditions. In today's Strategy Video, we discuss using market conditions to select the proper trading approach...even when there are high-profile setups like those for USDJPY, EURJPY and GBPJPY.

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

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

DISCLOSURES

News & Analysis at your fingertips.