U.S. Markets close in 1 hr 54 mins

USD Forex Trading Program: 06/11/2013

Jamie Saettele, CMT

Have been range trading USDJPY. After finding a top just shy of the 20 day midpoint at 99.35 (6/6 high at 99.46), the USDJPY is supported this morning by a large volume area at 96.52/62. Allowing for a test of the low in early US trading, I'm looking higher towards 97.50.

EURAUD short was stopped out at 1.4050 last night for a 40 pip loss. Bigger picture, keep an eye on AUDJPY down here. 20 day rate of change (-10%) has entered May 2010 territory.

Follow me on Twitter @JamieSaettele

Email List (Technicals sent in PDF form once a day)

Sentiment in the Forex Market

Full Technicals

FX Technical Weekly


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.