AceTraderForex April 25: Daily Market Outlook on USD/JPY - Page 3
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  1. #21

    Smile AceTraderFx Apr 8: Daily Recommendations on Major -USD/JPY

    DAILY MARKET OUTLOOK on Major USD/JPY
    Update Time: 08 Apr 2015 07:54 GMT

    USD/JPY - 119.88

    Although dollar's intra-day weakness after release of BoJ unchanged monetary policy suggests consolidation with downside bias would be seen, a daily close below 119.68 (Monday's high) is needed to signal erratic up move from March's 5-week trough at 118.33 has made a top at 120.45 Tuesday and yield weakness to 118.72.

    On the upside, above 120.45 would bring stronger retracement of erratic decline from March's near 8-year peak at 122.03 to 120.62 (61.8% r) and then 120.90/00 but pivotal resistance at 121.20 should hold.

  2. #22

    Smile AceTraderFx Apr 10: Daily Recommendations on Major -USD/JPY

    DAILY MARKET OUTLOOK on Major USD/JPY
    Update Time: 10 Apr 2015 08:02 GMT

    USD/JPY - 120.45

    Dollar's rise above Tuesday's high of 120.45 to 120.74 yesterday signals for erratic up move from 118.33 (March's 5-week trough) to retrace decline from March's 8-year peak at 122.03 remains in progress and further gain to pivotal resistance at 121.20 would be seen before prospect of a retreat.

    On the downside, only a daily close below 119.64 would indicate aforesaid correction has ended instead and shift risk to downside for weakness towards 119.10/20.
    Last edited by AceTraderForex; 04-10-2015 at 05:44 AM.

  3. #23

    Smile AceTraderFx Apr 13: Daily Recommendations on Major -USD/JPY

    DAILY MARKET OUTLOOK on Major USD/JPY
    Update Time: 13 Apr 2015 08:03 GMT


    USD/JPY - 120.65
    As dollar has rebounded after Friday's cross-inspired retreat to 120.05, suggesting pullback from last Thursday's high of 120.74 has ended there and consolidation with upside bias remains, a break of said resistance anytime would confirm erratic upmove from 118.33 to correct decline from March's near 8-year peak at 122.03 has resumed and extend gain towards pivotal resistance at 122.03 later.

    On the downside, only a breach of 119.64 support would indicate a top is made instead and shift risk to downside for weakness to 119.20/30 and possibly to 119.00.

  4. #24

    Smile AceTraderFx Apr 15: Daily Recommendations on Major- USD/JPY

    DAILY MARKET OUTLOOK USD/JPY
    Update Time: 15 Apr 2015 08:04 GMT


    Although dollar's retreat from Monday's 3-week high of 120.84 to as low as 119.07 yesterday after release of weaker-than-expected U.S. retail sales suggests erratic rise from March's bottom at 118.33 has made a top there, subsequent rebound indicates choppy trading would be seen and gain towards 120.12 may be seen.
    However, resistance at 120.43 should hold another yield another fall later.

    On the downside, only below 119.07 would extend weakness to 118.72 and then 118.33.

  5. #25

    Smile AceTraderFx Apr 16: Daily Recommendations on Major -USD/JPY

    DAILY MARKET OUTLOOK on Major USD/JPY
    Update Time: 16 Apr 2015 08:15 GMT

    Despite dollar's resumption of decline from Monday's 3-week high of 120.84 to as low as 118.79 yesterday, subsequent rebound to 119.23 and then 119.47 signals a temporary low has been made and retracement to 119.75 may be seen.
    However, reckon 120.12 resistance would remain intact and yield another fall later.

    Below 118.72/79 would bring re-test of March's bottom at 118.33, breach would confirm corrective decline from March's near 8-year peak at 122.03 has finally resumed and extend weakness towards 117.90/00.

  6. #26

    Smile AceTraderFx Apr 17: Daily Recommendations on Major -USD/JPY

    DAILY MARKET OUTLOOK on Major

    Update Time: 17 Apr 2015 09:06 GMT

    USD/JPY - 118.87
    Although dollar's intra-day breach of Wednesday's low at 118.79 suggests downside bias is seen for fall from Monday's high of 120.84 to pressure price towards March's bottom at 118.33, break needed to confirm corrective decline from March's near 8-year peak at 122.03 has finally resumed and extend weakness towards 117.90/00.

    Above 119.47 would indicate a temporary low is made and shift risk to upside for gain towards 119.75, break would yield stronger gain towards 120.12.

  7. #27

    Smile AceTraderFx Apr 23: Daily Recommendations on Major -USD/JPY

    DAILY MARKET OUTLOOK USD/JPY
    Update Time: 23 Apr 2015 08:06 GMT

    Despite dollar's rebound from Monday's 3-week low at 118.53 to 120.09 in Asia today, as sell off from last week's high of 120.84 signals correction from March's bottom at 118.33 has ended there, reckon 120.43 resistance would cap upside and downside bias remains for another decline later.

    Below 119.31/35 would indicate top is made and yield weakness to 119.15 and then 118.70/80.

  8. #28

    Smile AceTraderFx Apr 24: Daily Recommendations on Major -USD/JPY

    DAILY MARKET OUTLOOK on Major USD/JPY
    Update Time: 24 Apr 2015 07:55 GMT

    USD/JPY - 119.33
    Dollar's sell off from yesterday's high of 120.09 to 119.43 and then 119.15 signals this week's up move from Monday's 3-week trough at 118.53 has ended there and consolidation with downside bias is seen.
    However, below the said support is needed to signal erratic decline from March's near 8-year peak at 122.03 has resumed and yield re-test of 118.33 (reaction low from 122.03) and then towards 117.90/00 later.

    On the upside, only above 120.09 would dampen this bearish scenario and yield stronger gain to 120.43 but last week's peak at 120.84 should remain intact.

  9. #29

    Smile AceTraderFx Apr 27: Daily Recommendations on Major -USD/JPY

    DAILY MARKET OUTLOOK on Major USD/JPY
    Update Time: 27 Apr 2015 08:05 GMT

    USD/JPY - 119.23
    Although dollar's retreat from last Thursday's high of 120.09 to 118.82 on Friday strongly suggests the correction from last Monday's 3-week through at 118.53 has ended there, intra-day rebound after marginal fall to 118.78 suggests further choppy trading above said support would be seen, however, reckon resistance at 119.66 would hold and bring another sell off later.

    Below 118.78 would bring re-test of 118.53, break would signal erratic decline from March's near 8-year peak at 122.03 has resumed and bring re-test of 118.33 (reaction low from 122.03) and then towards 118.00.

  10. #30

    Smile AceTraderFx Apr 28: Daily Recommendations on Major -USD/JPY

    DAILY MARKET OUTLOOK on Major
    Update Time: 28 Apr 2015 08:02 GMT

    USD/JPY - 119.07
    Dollar's breach of 118.82 (Friday) to 118.78 yesterday strongly suggests the correction from last Monday's 3-week through at 118.53 has ended at 120.09 last Thursday and despite subsequent intra-day rebound to 119.44, reckon resistance at 119.59/66 would hold and downside bias remains for another decline later.

    Below 118.78 would bring re-test of 118.53, break would signal erratic fall from March's near 8-year peak at 122.03 has resumed and bring re-test of 118.33 (reaction low from 122.03) and then towards 118.00.

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