AceTraderForex April 25: Daily Market Outlook on USD/JPY - Page 2
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  1. #11

    Smile AceTraderForex Jun 30: Daily Market Outlook USD/JPY

    DAILY MARKET OUTLOOK USD/JPY - 101.32

    Update Time: 30 Jun 2014 05:58 GMT

    The greenback remained under pressure after penetrating 101.61 support last week, suggesting the erratic decline from June's high at 102.80 has resumed and further weakness to 101.00/10 is envisaged, however, previous key daily support area at 100.76/81 should hold on 1st testing and yield rebound later.

    On the upside, only a rise above 102.00 would prolong choppy consolidation and may risk gain to 102.35 resistance again.

  2. #12

    Smile AceTraderFx Oct 31: DAILY MARKET OUTLOOK on Major - USD/JPY


    DAILY MARKET OUTLOOK USD/JPY - 111.30

    Update Time: 31 Oct 2014 08:19 GMT

    Dollar's intra-day rally above October's peak at 110.09 to a fresh near 7-year high of 111.53 in European morning after BoJ's surprise easing confirms long-term uptrend has resumed and further gain to projected obj. at 111.98 is likely after consolidation, however, o/bot condition should prevent sharp move beyond there today and risk has increased for a much-needed retreat later.

    On the downside, only a daily close below 110.09 (previous resistance) would signal a top has been made and yield correction towards 109.47.

  3. #13

    Smile AceTraderFx Dec 12: Daily Market outlook on Major USD/JPY

    DAILY MARKET OUTLOOK -USD/JPY

    Update Time: 12 Dec 2014 07:09 GMT

    The greenback swung wildly against the Japanese yen on Thursday. Despite hitting a fresh 2-week low of 117.45 in Tokyo morning on Thursday, dollar ratcheted higher and rose to 119.56 on active short-covering due to the rebound in Nikkei-225 index following the rise in U.S. stock markets together with upbeat U.S. retail sales data, however, profit-taking ahead of Japan's election over the weekend knocked price lower to 118.51 in Asia today.

    Further choppy consolidation inside recent established broad range of 117.45-119.56 is expected to continue.
    Above 119.56 would bring stronger gain to 119.93 and 120.20.
    On the downside, below 118.51 would risk stronger pullback to 117.85 but support at 117.45 is expected to remain intact.

  4. #14

    Smile AceTraderFx Dec 16: Daily Market Outlook on Major (USD/JPY)

    DAILY MARKET OUTLOOK
    Update Time: 16 Dec 2014 07:54 GMT

    USD/JPY - The greenback swung wildly on Monday following the Japan's election on Sunday. Despite opening higher to 119.04 in New Zealand yesterday, the pair tumbled to 117.78 ahead of Tokyo open and then rallied to 119.06 in Asia.
    U.S. dollar later met renewed selling at 118.98 in NY on renewed risk aversion due to the sell off in global stock markets.
    Today's breach of last Thursday's low at 117.45 confirms recent decline from last Monday's fresh 7-year high at 121.85 to retrace medium-term uptrend has resumed and further weakness to 117.06 and then towards 116.40/41 is likely, however, o/sold condition would limit downside to 116.00 and bring a much-needed correction later.

    On the upside, only a breach of 118.00/01 would signal a low has possibly been made and bring stronger gain to 118.98/06 and then towards 119.56.
    Last edited by AceTraderForex; 12-16-2014 at 04:45 AM.

  5. #15

    Smile AceTraderFx Dec 22: Weekly Technical Outlook & Trading Ideals on USD/JPY

    WEEKLY USD/JPY TECHNICAL OUTLOOK
    Last Update At 21 Dec 2014 23:09GMT

    Trend Daily Chart
    Sideways

    Daily Indicators
    Bearish divergences

    21 HR EMA
    119.38

    55 HR EMA
    118.95

    Trend Hourly Chart
    Near term up

    Hourly Indicators
    Bearish divergences

    13 HR RSI
    61

    14 HR DMI
    +ve

    Daily Analysis
    Consolidation with upside bias

    Resistance
    120.20 - Dec 08 low
    119.93 - Dec 10 high
    119.66 - Intra-day high (NZ)

    Support
    119.04 - Hourly chart
    118.84 - Fri's NY low
    118.26 - Y'day's European sup

    . USD/JPY - 119.54 ... Dlr swung fm loss to gain in last week's roller-coaster session. Price met renewed selling at 119.06 on Mon n penetrated 117.45 sup due to broad-based buying of yen on risk aversion, buying interest at 115.57 quickly lifted dlr n the pair later rallied back to as high as 119.62 on Fri.

    . Looking at the bigger picture, dlr's aforesaid strg rebound suggests correction fm Dec's fresh 7-year peak at 121.85 has ended there n consolidation with upside bias is envisaged in this holiday-shortened X'mas week, a daily close abv 120.20 (previous sup, now res) wud encourage for further headway twd pivotal res at 121.00, break wud bring re-test of 121.85, then twd 123.89 later this month or in Jan 2015, this is 50% proj. of MT intermediate rise fm 105.20-121.85 measured fm 115.57. Having said that, as daily technical indicators wud display prominent 'bearish divergences' on such move, reckon 125.86 (61.8% proj. fm 115.57) wud remain intact. On the downside, below 117.76 wud prolong choppy consolidation n may risk weakness to 116.25, then twd 115.57.

    . Today, as long as 118.84 sup holds, up move fm 115.57 wud head twd 119.90/00, 'bearish divergences' on hourly indicators wud cap dlr at 120.20.

  6. #16

    Smile AceTraderFx Dec 24: Daily Recommendations Major -USD/JPY

    Update Time: 24 Dec 2014 02:10 GMT

    DAILY OUTLOOK ON USD/JPY

    Dlr's firmness after yesterday's rally to 120.80 suggests the correction from December's 7-year peak at 121.85 has indeed ended at 115.57 last Wednesday and above 121.00 would extend gain to 121.34, however, aforesaid peak at 121.85 should hold on 1st testing.


    Raise long entry for 121.30 and only a daily close below 120.05 dampens bullishness on dlr, 119.66.

  7. #17

    Smile AceTraderFx Feb 25: Daily Market Outlook on Major (USD/JPY)

    DAILY MARKET OUTLOOK
    Update Time: 25 Feb 2015 00:54 GMT

    USD/JPY - 118.80
    Despite yesterday's cross-inspired rebound above last week's 119.41 high to 119.84 in New York morning, subsequent selloff to 118.76 following Fed chief Yellen's mildly dovish testimony suggests early erratic rise from last week's low at 118.20 has ended there and consolidation with downside bias is in store today.
    However, only below 118.20 would retain bearishness for recent fall from February's 120.48 to extend to 117.90/00, loss of downward momentum should keep price above 117.62 (being 61.8% r of 115.85-120.48).

    On the upside, expect 119.41 to cap intra-day recovery and only above 119.84/88 res would risk marginal gain to 120.00/04 before prospect of another decline.

  8. #18

    Smile AceTraderFx Mar 25: Daily Recommendations on Major -USD/JPY

    DAILY MARKET OUTLOOK on Major USD/JPY
    Update Time: 25 Mar 2015 08:02 GMT

    Despite dollar's brief breach of last Wednesday's low at 119.29 to a fresh near 1-month trough at 119.22 yesterday, subsequent rebound to 119.98 suggests a temporary low and as long as said support holds, choppy trading with mild upside bias remains for a retracement towards 120.17.
    However, reckon 120.61 (previous support, now resistance) would hold and yield another decline later.

    On the downside, below 119.22 would signal decline from March's near 8-year peak at 122.03 to retrace recent uptrend has resumed and extend weakness to 118.80, then 118.20.

  9. #19

    Smile AceTraderFx Apr2: Daily Recommendations on Major -USD/JPY

    AceTraderFx Apr 2: Intra-Day Market Moving News and Views ()
    Intra-Day Market Moving News and Views
    02 Apr 2015




    DAILY MARKET OUTLOOK on Major USD/JPY

    Update Time: 02 Apr 2015 08:09 GMT

    USD/JPY - 119.50

    Dollar's sell off to 119.45 yesterday after being capped below Tuesday's high of 120.37 suggests upmove from last Thursday's 5-week trough at 118.33 has made a temporary top there earlier and consolidation with downside bias remains for a retracement to 119.11 (61.8% r of 118.33-120.37).
    However, sup at 118.93 would hold today and yield rebound later.

    On the upside, only a move back above 120.37 would extend aforesaid corrective rise to 120.62 (61.8% r of 122.03-118.33) and then 121.00 but res at 121.20 should cap upside.

  10. #20

    Smile AceTraderFx Apr2: Daily Recommendations on Major -USD/JPY

    DAILY MARKET OUTLOOK on Major USD/JPY

    Update Time: 02 Apr 2015 08:09 GMT

    USD/JPY - 119.50

    Dollar's sell off to 119.45 yesterday after being capped below Tuesday's high of 120.37 suggests upmove from last Thursday's 5-week trough at 118.33 has made a temporary top there earlier and consolidation with downside bias remains for a retracement to 119.11 (61.8% r of 118.33-120.37).
    However, sup at 118.93 would hold today and yield rebound later.

    On the upside, only a move back above 120.37 would extend aforesaid corrective rise to 120.62 (61.8% r of 122.03-118.33) and then 121.00 but res at 121.20 should cap upside.

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