AceTraderfx Aug 30 : DAILY MARKET OUTLOOK USD/JPY - 98.33

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AceTraderFx Aug 13: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 13 Aug 2015 08:23 GMT

USD/JPY - 124.51
Despite the greenback's sharp sell-off from 125.28 to as low as 123.79 yesterday, subsequent strong rebound on broad-based dollar strength suggests aforesaid correction has possibly ended and consolidation with upside bias would be seen.
However, above 125.07 is needed to signal the erratic rise from 120.42 has resumed and yield re-test of 125.28.
Above would extend gain towards 125.50/60 but June's near 13-year peak at 125.86 should remain intact this month and yield retreat later.

On the downside, only below 123.79 would confirm a temporary top has been made and risk would shift to the downside for a stronger retracement towards 123.52, then 123.01.

 

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AceTraderFx Aug 21: Daily Recommendations on Major -USD/JPY


DAILY MARKET OUTLOOK
Update Time: 24 Aug 2015 08:21 GMT

USD/JPY - 120.31
As the greenback continues to ratchet lower on active buying of the Japanese currency on risk aversion due to global sell-off in equities, suggesting the decline from June's near 13-year peak at 125.86 remains in progress and consolidation with downside bias would be seen for weakness towards 119.80/85.
However, over sold condition would prevent steep fall below there and reckon support at 119.48/50 would remain intact and yield a much-needed correction later this week.

On the upside, only above resistance at 121.82 would confirm a temporary low has been made and yield stronger retracement towards 122.06 but 122.37 should hold and bring another retreat later.

 

[acetraderfx]

AceTraderFx Sept 17: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 17 Sep 2015 08:18 GMT

USD/JPY - 120.92
Despite the greenback's sharp retreat on Tuesday to 119.40, subsequent strong rebound suggests further choppy trading above September's trough at 118.60 would continue ahead of today's Federal Reserve rate decision with mild upside bias and gain towards 121.34 is likely to be seen.
A breach of said level would indicate aforesaid upmove has resumed and yield towards 121.70/74 before prospect of a correction early next week.

On the downside, only below 119.40 would indicate the recovery from 118.60 has ended instead and turn outlook bearish for weakness towards 118.10/20.

 

[acetraderfx]

AceTraderFx Oct 2: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 02 Oct 2015 08:26 GMT

USD/JPY - 120.11
Despite the greenback's selloff to 119.25 on Monday, subsequent rebound suggests further choppy trading above September's low at 118.60 would continue with mild upside bias and gain towards 120.66 is likely to be seen, break would extend towards 120.99, however, last Friday's high at 121.24 should remain intact and yield retreat later.

On the downside, only below 119.25 would revive bearishness for weakness to 119.06, below would indicate near term decline from 121.35 has resumed and extend to 118.86 but aforesaid September's low should remain intact.

 

[acetraderfx]

AceTraderFx Oct 9: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 09 Oct 2015 08:46 GMT

USD/JPY - 120.19
Despite yesterday's sharp retreat to 119.63, subsequent rebound helped by increased risk appetite due to the rally in global equities suggests further choppy trading above September's trough at 118.68 would continue with upside bias and gain towards 120.38, then 120.57 (reaction high) would be seen, break there would retain bullishness for 120.99/00 before prospect of a correction early next week.

On the downside, only below 119.21 would abort daily bullishness on the buck and turn outlook bearish for weakness towards 118.60/68 area.

 

[acetraderfx]

AceTraderFx Oct 14: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 14 Oct 2015 08:44 GMT

USD/JPY - 119.50
Despite Thursday's sharp retreat to 119.63, subsequent rebound helped by increased risk appetite due to the rally in global equities suggests further choppy trading above September's trough at 118.68 would continue with upside bias and gain towards 120.38, then 120.57 (reaction high) would be seen, break there would retain bullishness for 120.99/00 before prospect of a correction early next week.

On the downside, only below 119.21 would abort daily bullishness on the buck and turn outlook bearish for weakness towards 118.60/68 area.

 

[acetraderfx]

AceTraderFx Oct 19: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 19 Oct 2015 08:17 GMT

USD/JPY - 119.29
Despite the greenback's sharp selloff below September's trough at 118.60 to 118.06 last Thursday, subsequent strong rebound on the release of upbeat U.S. jobless claims and inflation data signals the erratic decline from 121.75 has formed a temporary low there and consolidation with upside bias would be seen for a stronger retracement towards 119.25/30, then to 119.66, however, loss of momentum would keep price below 119.90 and bring another fall early next week.
On the downside, only below 118.60 would indicate aforesaid recovery has ended and turn outlook bearish for a re-test of 118.06.

 

[acetraderfx]

AceTraderFx Oct 20: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 20 Oct 2015 08:39 GMT

USD/JPY - 119.58
Despite the greenback's sharp selloff below September's trough at 118.60 to 118.06 last Thursday, subsequent strong rebound on the release of upbeat U.S. jobless claims and inflation data signals the erratic decline from 121.75 has formed a temporary low there and consolidation with upside bias would be seen for a stronger retracement towards 119.25/30, then to 119.66.
However, loss of momentum would keep price below 119.90 and bring another fall early next week.
On the downside, only below 118.60 would indicate aforesaid recovery has ended and turn outlook bearish for a re-test of 118.06.

 

[acetraderfx]

AceTraderFx Oct 22: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 22 Oct 2015 08:24 GMT

USD/JPY - 119.63
Despite the greenback's sharp selloff below September's trough at 118.60 to 118.06 last Thursday, subsequent strong rebound on the release of upbeat U.S. jobless claims and inflation data signals the erratic decline from 121.75 has formed a temporary low there and consolidation with upside bias would be seen for a stronger retracement towards 120.35/40, then to 120.57.
However, loss of momentum would keep price below 120.80/90 and bring another fall early next week.

On the downside, only below 118.60 would indicate aforesaid recovery has ended and turn outlook bearish for a re-test of 118.06.

 

[acetraderfx]

AceTraderFx Oct 26: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 26 Oct 2015 08:34 GMT

USD/JPY - 120.89
Despite the greenback's rally from October's low at 118.06 to 121.51 today, subsequent strong retreat suggests a temporary top has been made there and consolidation with downside bias would be seen for weakness towards 120.77, below would add credence to this view and yield stronger retracement towards 120.20/23.
However, steep fall below there is unlikely to be seen and reckon support at 119.61 would remain intact and yield rebound later.
On the upside, only above 121.51 would revive bullishness for gain towards daily resistance at 121.74, break would extend towards 122.10/15.