DAILY MARKET OUTLOOK
Update Time: 08 Apr 2016 09:08 GMT
USD/JPY - 108.99
Despite dollar’s selloff to a fresh 17-month trough at 107.67 in New York morning yesterday, subsequent rebound to 108.46, then 109.10 in European morning today signals MT downtrend has made a temporary low there and consolidation with upside bias would be seen.
However, reckon 109.50/60 would limit upside and yield another selloff later today or early next week.
On the downside, below 108.07 support would confirm correction over and bring re-test of 107.67, break would extend weakness towards 107.10/20.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
DAILY MARKET OUTLOOK
Update Time: 12 Apr 2016 08:23 GMT
USD/JPY - 108.18
Despite dollar’s selloff to a fresh 17-month trough at 107.63 in Asian session on Monday, subsequent intra-day rebound to 108.44 in New York morning suggests MT downtrend has possibly made a temporary bottom there and a few days of choppy sideways trading would be seen.
However, as long as resistance at 109.10 holds, bearishness remains for another selloff later this week.
On the downside, below 107.63 would yield further weakness towards 107.20/30 before correction occurs due to loss of momentum.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
DAILY MARKET OUTLOOK
Update Time: 18 Apr 2016 08:28 GMT
USD/JPY - 108.23
Although Friday’s selloff from 109.74 to 108.60 and then intra-day gap-down open to 107.75 (Reuters) in New Zealand signals recovery from last Monday’s 17-month trough at 107.63 has ended, subsequent intra-day recovery suggests choppy sideways trading would be seen for Medium Term downtrend resumes to next downside objective 106.98.
On the upside, a daily close above 108.60 (previous support, now resistance) would prolong choppy trading but reckon price should falter well below 109.74 another decline.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time
DAILY MARKET OUTLOOK
Update Time: 28 Apr 2016 09:03 GMT
USD/JPY - 108.33
Dollar’s intra-day more than 3 percent decline from Asian high of 111.88 to as low as 108.06 in European after unchanged BoJ’s rate decision confirms correction from April’s 17-month trough at 107.63 has ended on Monday at 111.91 and consolidation with downside bias would be seen.
However, break of said sup is needed to confirm Medium Term downtrend has resumed and extend weakness towards 106.90/00 later.
On the upside, only a daily close above 109.40/50 would indicate further choppy sideways would continue and yield gain towards 109.90/00 before retreat occurs.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
DAILY MARKET OUTLOOK
Update Time: 12 May 2016 09:09 GMT
USD/JPY - 108.91
Despite last Tuesday’s resumption of recent downtrend to a fresh 18-month trough at 105.55 in European session, subsequent strong rebound to 109.38 yesterday suggests a temporary bottom has been made and consolidation with upside bias would be seen for marginal gain towards 109.60.
However, resistance at 109.90 would remain intact and bring another fall later.
On the downside, only below 106.13 would confirm aforesaid recovery has ended and turn outlook bearish for a re-test of 105.55, break would extend Medium Term downtrend to 105.05/10.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 05 Jul 2016 08:06 GMT
USD/JPY - 101.76
Despite dollar’s resumption of erratic rise from last week’s low of 101.41 (Monday) to 103.40 ahead of Asian open last Friday, subsequent weakness to 102.18 yesterday and then intra-day selloff below this support signals aforesaid rise has ended and consolidation with downside bias is in store, below said support would retain bearishness and extend weakness towards 101.00.
On the upside, only a daily close above 103.05 signals pullback from 113.40 is over and brings another rise to 103.30/40.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 14 Jul 2016 09:16 GMT
USD/JPY - 105.51
Although intra-day break of Tuesday’s 104.99 high to 105.75 in Europe confirms recent upmove from June’s 29-month trough at 99.00 has once again resumed, near term loss of momentum is likely to limit gain to 106.15/25 and reckon dollar’s pre-Brexit peak at 106.84 should remain intact and bring a much-needed retracement of aforesaid rise.
A daily close below 104.99 would be the 1st signal temporary top is in place and bring weakness to 113.91/99 tomorrow or early next week.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 18 Jul 2016 09:00 GMT
USD/JPY - 105.57
Last week’s rally above res at 103.40 (now sup) signals erratic rise from Jun’s 29-month trough at 99.00 to retrace Medium term downtrend has resumed and despite Friday’s intra-day selloff from 1106.32 to 104.64, subsequent strong rebound to 106.02 ahead of Asian open today suggests a few days choppy sideways trading is in store.
Above 106.02 would confirm pullback over and bring re-test of 106.32, break would extend to 107.00/10 but 107.84 (pre-Brexit high) would cap upside.
Below 104.64 would indicate a temporary top has been made and bring retracement towards 103.91 before rebound occurs.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
[B]DAILY MARKET OUTLOOK on Major USD/JPY [/B]
Update Time: [B]20 Jul 2016[/B] [I]09:12 GMT[/I]
USD/JPY - 106.39
Last week’s rally above res at 103.40 (now sup) signals erratic rise from June’s 29-month trough at 99.00 to retrace Medium term downtrend has resumed and yesterday’s breach of last Friday’s 106.32 high to 106.53 suggests choppy trading with upside bias remains.
Above 106.53 would extend gain to 107.00/10 but price should falter below 107.84 (pre-Brexit high) today.
On the downside, below 104.64 would indicate a temporary top has been made and bring retracement towards 103.91 before rebound occurs.
[B] DAILY MARKET OUTLOOK on Major USD/JPY[/B]
Update Time: [B]05 Aug 2016[/B] [I]09:21 GMT
[/I]
USD/JPY - 101.10
Although dollar’s selloff below last Fri’s 101.97 low to a fresh 3-week trough of 100.68 on Wednesday signals correction from June’s 29-month trough at 99.00 has ended earlier at 107.49 (July), subsequent rebound to 101.67 yesterday suggests choppy trading would continue ahead of today’s key U.S. non-farm payrolls, however, price should falter below 102.83 (Tuesday’s high) and bring another fall later.
On the downside, below 100.68 would yield weakness towards pivotal support at 100.00 but only a daily close below there would retain bearishness for a re-test of 99.00.
[B]DAILY MARKET OUTLOOK on Major USD/JPY[/B]
Update Time: [B]11 Oct 2016[/B] [I]09:12 GMT[/I]
USD/JPY - 103.94
Despite the greenback’s fall to 102.81 yesterday, subsequent rally to 103.78 and intra-day break of this level to 104.07 confirms the pullback from last Thursday’s high at 104.16 has ended there and consolidation with upside bias remains for recent upmove to resume and above 104.16 would bring re-test of September’s high at 104.32, break would yield 104.87/90 later.
On the downside, only below 102.81 would indicate a temporary top has been made and risk would increase for a stronger retracement to 102.46/50.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]24 Oct 2016[/B] [I]09:18 GMT[/I]
USD/JPY - 103.91
The greenback’s sideways trading after rebound from last Wednesday’s low at 103.17 to 104.20 last Friday suggests the pullback from October’s 2-month peak at 104.64 has ended there and consolidation with upside bias would be seen for gain towards 104.48, above would confirm this view and yield re-test of said resistance. Above would extend recent erratic upmove towards 105.10/20 before prospect of a much-needed correction.
On the downside, only below 103.17 would revive bearishness for a stronger retracement towards 102.81.
However, price would remain above 101.84 (previous resistance, now support).
[B]DAILY MARKET OUTLOOK
[/B]
Update Time: [B]01 Nov 2016[/B] [I]08:31 GMT[/I]
USD/JPY - 105.10
The greenback’s rise above Tuesday’s high at 104.87 to a fresh 3-month high at 105.53 Friday suggests recent erratic upmove from August’s trough at 99.54 has once again resumed and consolidation with upside bias would be seen for gain towards 105.70/80.
However, near term loss of momentum would keep price below 106.00 today and yield a much-needed correction later.
On the downside, only below 104.30 would indicate a temporary top has been made and risk would increase for a stronger retracement towards 104.02 later next week.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]25 Nov 2016[/B] [I]09:26 GMT[/I]
USD/JPY - 112.80
Despite the greenback’s intra-day resumption of erratic medium-term uptrend to a fresh 8-month peak at 113.90, subsequent retreat suggests a temporary top has been made and a much-awaited correction has occured, downside bias remains for retracement towards 112.35, however, as broad-outlook remains consolidative, reckon 111.91 would remain intact and yield recovery.
On the upside, only above 113.90 would revive bullishness and extend said move marginally before prospect of retreat due to over bought condition.
DAILY MARKET OUTLOOK
Update Time: 30 Nov 2016 09:15 GMT
USD/JPY - 112.80
Despite the greenback’s rally last week to a fresh 8-month 113.90 on Friday, subsequent selloff to as low as 111.36 today suggests a temporary top has been made and consolidation with downside bias would be seen for stronger retracement towards 110.89/90, however, near term loss of momentum would prevent steep fall beyond there and risk would increase for a rebound later this week.
On the upside, only above 112.98 would indicate the first leg of correction has ended and turn outlook bullish for gain towards 113.31, then to 113.53.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B]06 Jan 2017[/B] [I]09:11 GMT[/I]
USD/JPY - 116.21
Despite the greenback’s intra-day resumption of decline from December’s 10-1/2 month peak at 118.66 to 115.07 ahead of Asian open, subsequent rebound suggests a temporary low has been made and choppy trading with upside bias would be seen ahead of today’s release of U.S. jobs report and gain towards 116.78/80 is likely.
However, 117.23 should remain intact and yield another retreat later.
On the downside, only below 115.07 would revive bearishness for a stronger retracement of medium-term decline towards 114.74, then 114.30 early next week.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]15 Feb 2017[/B] [I]09:12 GMT[/I]
USD/JPY - 114.50
The greenback’s rise above Monday’s high at 114.17 to 114.49 yesterday on Federal Reserve Chair Yellen’s hawkish testimony and intra-day break of this resistance suggests the upmove from last Tuesday’s 7-week trough at 111.60 remains in progress and upside bias would be seen for gain towards 114.90/93.
However, near term loss of momentum would prevent strong move beyond there and reckon 115.13 would remain intact.
On the downside, only below 113.87 would indicate a temporary top has been made and risk would increase for a much-needed retracement towards 113.25.
DAILY MARKET OUTLOOK
Update Time: 23 Feb 2017 09:3 GMT
USD/JPY - 113.23
The greenback’s rebound from last Friday’s low at 112.62 suggests the pullback from last Wednesday’s high at 114.96 has ended there and consolidation with upside bias remains for gain towards 114.17, then 114.50 later this week, however, as broad-outlook remains consolidative, reckon aforesaid upper level would remain intact on first testing and yield retreat.
On the downside, only below 112.62 would revive bearishness for a stronger retracement of early rise from February’s trough at 111.60 towards 112.06/08.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
[B]DAILY MARKET OUTLOOK [/B]
Update Time: [B]28 Feb 2017[/B] [I]09:26 GMT[/I]
USD/JPY - 112.40
The greenback’s rebound from last Friday’s low at 112.62 suggests the pullback from last Wednesday’s high at 114.96 has ended there and consolidation with upside bias remains for gain towards 114.17, then 114.50 later this week.
However, as broad-outlook remains consolidative, reckon aforesaid upper level would remain intact on first testing and yield retreat.
On the downside, only below 112.62 would revive bearishness for a stronger retracement of early rise from February’s trough at 111.60 towards 112.06/08.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]23 Mar 2017[/B] [I]09:02 GMT[/I]
USD/JPY - 111.19
The greenback’s selloff yesterday and subsequent break of February’s trough at 111.60 signals the erratic decline from December 2016 peak at 118.66 has finally resumed and consolidation with downside bias remains for further weakness towards 110.50/60, however, as this move is losing downward momentum, reckon support at 110.27 would remain intact and yield a much-needed correction later.
On the upside, only above 112.26 (previous support) would indicate a temporary low has been made and risk stronger retracement towards 112.90.