Will USD/JPY Break its Trading Range?

USD/JPY has been lacking inspiration lately. USD/JPY has been unable to penetrate the resistance trend line formed since 2015. As a result, the market may be trading on its heels for the first part of 2018. The sentiment reading for USD/JPY is currently +1.5 that means 60% of traders are currently long. Sentiment is a […]

FTSE 100 Further Develops Range on Sharp Turn Lower

What’s inside: FTSE 100 turns sharply lower from near key line of resistance May soon find itself once again testing support Continuing to favor range-trading off key levels What’s driving European equity markets? Find out in our market forecasts. After holding major support following last week’s BoE meeting the FTSE 100 mounted a sizable rally. […]

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USD/JPY Clears Monthly Range, Trendline Resistance Ahead of U.S. CPI

Talking Points USDJPY rebound in focus- constructive above weekly open Updated targets & invalidation levels Looking for more trade ideas? Review DailyFX’s 2017 Trading Guides. Join Michael for Live Weekly Trading Webinars on Mondays at 13:30GMT (8:30ET) USD/JPYDaily Technical Outlook:Last week we highlighted a key support confluence in USDJPY at 111.07/45 with the short bias […]