Advertisement
Australia markets closed

  • ALL ORDS

    7,817.40
    -81.50 (-1.03%)
     

  • ASX 200

    7,567.30
    -74.80 (-0.98%)
     

  • AUD/USD

    0.6415
    -0.0010 (-0.16%)
     

  • OIL

    83.13
    +0.40 (+0.48%)
     

  • GOLD

    2,410.70
    +12.70 (+0.53%)
     

  • Bitcoin AUD

    100,138.63
    +1,722.23 (+1.75%)
     

  • CMC Crypto 200

    1,383.78
    +71.16 (+5.43%)
     

  • AUD/EUR

    0.6022
    -0.0008 (-0.14%)
     

  • AUD/NZD

    1.0898
    +0.0023 (+0.21%)
     

  • NZX 50

    11,796.21
    -39.83 (-0.34%)
     

  • NASDAQ

    17,007.10
    -387.21 (-2.23%)
     

  • FTSE

    7,895.85
    +18.80 (+0.24%)
     

  • Dow Jones

    37,877.80
    +102.42 (+0.27%)
     

  • DAX

    17,737.36
    -100.04 (-0.56%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

USD/JPY Stuck in Slo-Mo Near the Low

Jamie Saettele, CMT

DailyFX.com -

Daily

USD/JPY Stuck in Slo-Mo Near the Low
USD/JPY Stuck in Slo-Mo Near the Low

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-The USD/JPY decline since June 2015 has been far from smooth but weakness since the NIRP failure at the end of January is contained within a channel. Since July, a head and shoulders continuation pattern has developed which could send USD/JPY to 92.50. This pattern is valid while price is below 102.66. Strength above 102.66 would trigger a failed pattern and bullish signal.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk


original source

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.