AceTraderForex April 25: Daily Market Outlook on USD/JPY - Page 15
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  1. #141

    Smile AceTraderFx Mar 29: Daily Recommendations on Major -USD/JPY

    DAILY MARKET OUTLOOK
    Update Time: 29 Mar 2017 09:01 GMT

    USD/JPY - 111.07
    Despite the greenback's selloff to a fresh 4-month trough 110.11 on Monday after U.S. President Trump's failure to push through his healthcare bill in Congress, subsequent strong rebound to 111.32 today suggests medium-term decline has made a temporary low there and choppy trading with upside bias would be seen for retracement towards 111.58.
    However, near term loss of momentum would keep price below 111.95.

    On the downside, only below 110.63 would indicate aforesaid correction has ended instead and turn outlook bearish for a re-test of 110.11, break would extend towards 109.50/60.

  2. #142

    Smile AceTraderFx Mar 31: Daily Recommendations on Major -USD/JPY

    DAILY MARKET OUTLOOK
    Update Time: 31 Mar 2017 0:35 GMT

    USD/JPY - 111.88
    Despite the greenback's selloff to a fresh 4-month trough 110.11 on Monday after U.S. President Trump's failure to push through his healthcare bill in Congress, subsequent strong rebound to 112.20 today suggests medium-term decline has made a temporary low there and choppy trading with upside bias would be seen for retracement towards 112.50/60.
    However, near term loss of momentum would keep price below 112.90.

    On the downside, only below 110.63 would indicate aforesaid correction has ended instead and turn outlook bearish for a re-test of 110.11, break would extend towards 109.50/60.

    Data to be released later:
    UK house prices, GDP, current account, Germany retail sales, unemployment rate, France PPI, CPI, EU CPI, core CPI, Italy CPI, HICP, PPI.
    U.S. PCE, personal income, personal spending, Chicago PMI, consumer sentiment and Canada GDP MM - Jan

  3. #143

    Smile AceTraderFX: Daily Recommendations on Major- USD/JPY

    DAILY MARKET OUTLOOK on Major
    Update Time: 05 Apr 2017 09:43 GMT

    USD/JPY - 110.69
    Although dollar's cross-inspired decline from 112.20 (Friday) to 110.27 yesterday suggests early correction from March's fresh 4-month low at 110.11 has ended, intra-day cross-inspired rebound to 110.91 suggests consolidation is in store, as long as 1111.00/10 holds, downside bias remains for re-test of 110.11, break needed to extend weakness to 109.80/90.

    Only a daily close above 111.13 'prolongs' choppy sideways swings and risks another rise towards 111.59.

  4. #144

    Smile AceTraderFx Apr 20: Daily Recommendations on Major -USD/JPY

    DAILY MARKET OUTLOOK on Major
    Update Time: 20 Apr 2017 09:01 GMT

    USD/JPY - 109.03
    Despite the greenback's resumption of recent losing streak to a fresh 5-month trough at 108.13 on Monday, subsequent rally to 109.22 yesterday suggests recent erratic downtrend has made a minor low there and choppy trading with upside bias would be seen for retracement towards 109.39, then to 109.85/86.
    However, as broad-outlook remains consolidative, reckon 110.14 (previous support, now resistance) would remain intact and yield retreat.

    On the downside, only below 108.13 would revive bearishness for one more fall to 108.30 but as this move is losing downward momentum, reckon 108.13 would hold and bring a much-needed correction later this week.

  5. #145

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

    DAILY MARKET OUTLOOK on Major
    Update Time: 25 Apr 2017 09:11 GMT

    USD/JPY - 110.40
    Despite yesterday's gap-up open to 110.61 in New Zealand due to active buying in euro/yen cross on news of a victory by France's centrist candidate Macron in the first round of election, subsequent retreat suggests the correction from April's 5-month trough at 108.13 has possibly ended there and choppy trading with downside bias would be seen for a stronger retracement to 109.46/50, however, support at 108.89 should remain intact and yield rebound.

    On the upside, only above 110.61 would revive bullishness for one more ris towards 111.00/02 before prospect of another fall due to near term loss of momentum.

    Data to be released today:
    France business climate, UK PSNB, PSNCR, U.S. redbook, home price, new home sales and Richmond Fed manufacturing survey.

  6. #146

    Smile AceTraderFx May 2: Daily Recommendations on Major -USD/JPY

    DAILY MARKET OUTLOOK on Major
    Update Time: 02 May 2017 09:11 GMT

    USD/JPY - 112.12
    The greenback's rise to 111.92 yesterday and intra-day break of aforesaid resistance signals upmove from April's 5-month trough at 108.13 remains in progress and consolidation with upside bias remains for gain towards 112.40/50.
    However, resistance at 112.73 should remain intact ahead of the Federal Reserve's rate decision on Wednesday and yield correction.

    On the downside, only below 111.20 would indicate a temporary top has been made and risk stronger retracement to 110.80/90 but 110.61 (previous resistance, now support) would remain intact and yield rebound.

  7. #147

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

    DAILY MARKET OUTLOOK on Major
    Update Time: 10 May 2017 09:20 GMT

    USD/JPY - 113.90
    The greenback's rise above Monday's fresh 7-week peak at 113.10 to 114.32 yesterday on active cross-selling of yen signals erratic upmove from April's 5-month trough at 108.13 remains in progress and marginal gain from here would be seen after consolidation.
    However, loss of momentum would prevent strong move beyond there and reckon 114.60/70 would limit upside and bring a much-needed correction later this week.

    On the downside, only a daily close below 112.40 would indicate a temporary top has been made and yield stronger retracement of aforesaid rise to 112.09/10, then 111.70/80 before prospect of a recovery.

  8. #148

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

    DAILY MARKET OUTLOOK on Major
    Update Time: 17 May 2017 09:26 GMT

    USD/JPY - 112.50
    The greenback's selloff yesterday and subsequent break of Monday's low at 113.13 signals decline from last Wednesday's 8-week peak at 114.37 remains in progress and consolidation with downside bias remains for weakness towards 112.09/10.
    However, near term loss of momentum would prevent sharp move beyond there and risk would increase of a much-needed rebound later.

    On the upside, only above 113.13 would indicate the first leg of correction has ended and turn outlook bullish for gain to 113.40/50 but resistance at 113.85 should remain intact, bring retreat.

  9. #149

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

    DAILY MARKET OUTLOOK on Major
    Update Time: 24 May 2017 09:38 GMT

    USD/JPY - 111.82
    The greenback's recent swings after last Thursday's rebound from 110.24 to 111.73 are likely to continue and intra-day rebound from 110.86 has retained bullishness but above 111.73 is needed to yield stronger retracement of decline from May's peak at 114.37 towards 112.24/30, however, resistance at 112.94 should remain intact this week and yield retreat.

    On the downside, only below 110.53 would confirm the recovery from 110.24 has ended instead and turn outlook bearish for weakness to 110.24, break, 110.00 later.

    Data to be released on Wednesday:
    Germany consumer sentiment, Swiss industrial production, Italy trade balance, U.S. monthly home price, existing home sales and Canada BoC rate decision and Fed minutes.

  10. #150

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

    DAILY MARKET OUTLOOK on Major
    Update Time: 25 May 2017 09:05 GMT

    USD/JPY - 111.78
    The greenback's recent swings after last Thursday's rebound from 110.24 to 112.13 are likely to continue and intra-day rebound from 111.46 has retained bullishness but above 112.13 is needed to yield stronger retracement of decline from May's peak at 114.37 towards 112.24/30.
    However, resistance at 112.94 should remain intact this week and yield retreat.

    On the downside, only below 110.53 would confirm the recovery from 110.24 has ended instead and turn outlook bearish for weakness to 110.24, break, 110.00 later.

    Data to be released on Thursday:
    Italy industrial sales, industrial orders, UK mortgage approvals, GDP, U.S. jobless claims, trade balance and wholesale inventories.

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