Oil has hit a 15-month high on the back of optimism over the Opec deal which needs to be sorted out by November 30. But, with a record long position building across the combined benchmarks, a disappointment could leave some exposed. Full report to come within the hour....
Short term
Trade view / 15 August 2016 at 7:09 GMT

Bearish signals on USDJPY put June low on table

partner and technical analyst / 3 c analysis
United Kingdom

The Q3 call to sell at 106.22 has been close to the high, but last week’s signals points to a temporary bounce. This is exactly what occurred, as initial gains of just under 1 Big Fig were completely given up having attracted sellers at the 13-day average rate.

Prices are also trading below their other key moving averages and signals have subsequently switched back to bearish looking for a test of June's near three-year low.

Management and risk description

Allow room to sell a rally and lower stop to entry if the first target is met.


Entry: market and 101.95, Friday's opening trade.

Stop: 102.83, the 2 week high.

Target: 100.00, July's low and 99.01, June's base.

Time horizon: this week.


USDJPY Daily - moving averages

USDJPY Quarterly - 50% pullback
 Source (all charts): CGQ

— Edited by Martin O'Rourke

Non-independent investment research disclaimer applies. Read more
15 August
Alejomacas Alejomacas
En que niveles compramos? gracias
16 August
sam wightman sam wightman
Hi Steve
I have been following your Trade Views for some time now.
Would you mind if I inquired.
I would be very interested to know your client terms of business.
16 August
Steve Lucas Steve Lucas
Hi Sam....not sure exactly what you mean.....we have a close working relationship with Saxo Bank and through them provide our analysis to their clients.


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail