AceTraderFx: DAILY MARKET OUTLOOK on Major - USD/JPY

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

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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.

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AceTraderFx Mar 30: Daily Recommendations on Major -USD/JPY

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DAILY MARKET OUTLOOK
Update Time: 30 Mar 2017 09:07 GMT

USD/JPY - 111.10
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 111.43 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.

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

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DAILY MARKET OUTLOOK
Update Time: 31 Mar 2017 09:35 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

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
 
AceTraderFx Apr 03: Daily Recommendations on Major -USD/JPY

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DAILY MARKET OUTLOOK
Update Time: 03 Apr 2017 09:28 GMT

USD/JPY - 111.42
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 Friday 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.

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
 
AceTraderFx: Daily Recommendations on Major- USD/JPY

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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.

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

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DAILY MARKET OUTLOOK
Update Time: 10 Apr 2017 09:14 GMT

USD/JPY - 111.28
Despite the greenback's brief selloff to 110.14 on knee-jerk reaction to release of mixed U.S. jobs report, subsequent strong rebound to 111.36, then 111.58 today suggests the pullback from 112.20 has ended there and choppy trading above March's 4-month trough at 110.11 would continue with upside bias and marginal gain from here is likely to be seen, however, 111.94 should remain intact and yield retreat.

On the downside, only below 110.72 would abort bullish outlook and risk weakness towards 110.27/29 but aforesaid support at 110.11/14 would hold on first testing and yield recovery.

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

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DAILY MARKET OUTLOOK
Update Time: 13 Apr 2017 09:23 GMT

USD/JPY - 109.12
The greenback's selloff in late New York yesterday on dollar bearish comments from U.S. President Trump and subsequent fall to a fresh 4-1/2 month trough at 108.73 in Asia today suggests medium-term decline remains in progress and downside bias remains for weakness towards 108.45/50.
However, over sold condition would prevent steep fall below there and risk would increase for a much-needed correction early next week.

On the upside, only above 109.86 would indicate a temporary low has been made and risk stronger retracement to 110.11 (previous support, now resistance) before prospect of 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 updates
 
AceTraderFx Apr 18: Daily Recommendations on Major -USD/JPY

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DAILY MARKET OUTLOOK on Major
Update Time: 18 Apr 2017 09:27 GMT

USD/JPY - 108.87
Despite the greenback's resumption of recent losing streak to a fresh 5-month trough at 108.13 yesterday, subsequent rally to 109.22 in Asia today 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) 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.

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
 
AceTraderFx Apr 19: Daily Recommendations on Major USD/JPY

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DAILY MARKET OUTLOOK on Major
Update Time: 19 Apr 2017 09:08 GMT

USD/JPY - 108.82
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.

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

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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.

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
 
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