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

[acetraderfx]

DAILY MARKET OUTLOOK
30 Aug 2013 01:06 GMT

USD/JPY - 98.33

Yesterday's rally due to dollar's broad-based strength together with active cross-selling in yen confirms early decline from last Friday's near 3-week peak at 99.15 has indeed ended at 96.82 Wednesday and as long as 97.91 (previous res, now sup) holds, consolidation with upside bias for further gain, however, reckon 99.15 top would remain intact today.

On the downside, only a daily close below 97.91 would signal aforesaid near term upmove from 96.82 has made a top yesterday at 98.52 (NY) and risks stronger retracement toward 97.45.

 

[acetraderfx]

AceTraderFX Jan 3: Daily Outlook on Major USD/JPY

DAILY OUTLOOK ON USD/JPY - 104.10
03 Jan 2014 05:12 GMT

Despite y'day's brief rise to a fresh 5-year top at 105.45, subsequent selloff to 104.55 suggests a temp. top has been made there n consoldation with downside bias wud be seen for weakness to 104.30/32 , however, sup 103.77 shud hold n yield rebound.

Sell on recovery n only abv 104.45 wud risk marginal gain to 104.66 but 104.88/91 shud hold.


STRATEGY : Hold short

POSITION : Short at 104.35

OBJECTIVE : 103.55

STOP-LOSS : 104.75

RES : 104.55/104.87/105.24

SUP : 104.14/103.77/103.42

 

[acetraderfx]

AceTraderFx Jan 20 : Intraday Market Outlook on USD/JPY

INTRA-DAY USD/JPY OUTLOOK - 104.04
20 Jan 2014 02:04GMT

Although initial cross-buying of yen pushed dlr
below prev. sup at 104.15 (Thur) to 103.87 in Asia,
present rebound suggests erratic fall fm 104.92
(Thur) has possibly made a temp. low n choppy conso
lidation is seen, abv 104.21 wud yield 104.35/40.

Stand aside n sell dlr on further rise to 104.40
or buy on next decline to 103.80.

 

[acetraderfx]

AceTraderFx Jan 27: Daily Outlook on Major USD/JPY

Daily Recommendations on Major USD/JPY
27 Jan 2014 00:26 GMT

DAILY OUTLOOK ON USD/JPY - 102.27

Intra-day selloff below Fri's low at 102.00 to 101.77 on Monday suggests corrective fall fm Jan's 5-year peak at 105.45 remains in progress n down- side bias remains for weakness to 101.62, then 101. 30/35 but sup 101.14/15 wud hold n yield rebound.

 

[acetraderfx]

AceTraderFx Jun 30: Daily Market Outlook USD/JPY

DAILY MARKET OUTLOOK USD/JPY - 101.32

Update Time: 30 Jun 2014 05:58 GMT

The greenback remained under pressure after penetrating 101.61 support last week, suggesting the erratic decline from June's high at 102.80 has resumed and further weakness to 101.00/10 is envisaged, however, previous key daily support area at 100.76/81 should hold on 1st testing and yield rebound later.

On the upside, only a rise above 102.00 would prolong choppy consolidation and may risk gain to 102.35 resistance again.

 

[acetraderfx]

AceTraderFx Dec 12: Daily Market outlook on Major USD/JPY

DAILY MARKET OUTLOOK -USD/JPY

Update Time: 12 Dec 2014 07:09 GMT

The greenback swung wildly against the Japanese yen on Thursday. Despite hitting a fresh 2-week low of 117.45 in Tokyo morning on Thursday, dollar ratcheted higher and rose to 119.56 on active short-covering due to the rebound in Nikkei-225 index following the rise in U.S. stock markets together with upbeat U.S. retail sales data, however, profit-taking ahead of Japan's election over the weekend knocked price lower to 118.51 in Asia today.

Further choppy consolidation inside recent established broad range of 117.45-119.56 is expected to continue.
Above 119.56 would bring stronger gain to 119.93 and 120.20.
On the downside, below 118.51 would risk stronger pullback to 117.85 but support at 117.45 is expected to remain intact.

 

[acetraderfx]

AceTraderFx Dec 16: Daily Market Outlook on Major (USD/JPY)

DAILY MARKET OUTLOOK
Update Time: 16 Dec 2014 07:54 GMT

USD/JPY - The greenback swung wildly on Monday following the Japan's election on Sunday. Despite opening higher to 119.04 in New Zealand yesterday, the pair tumbled to 117.78 ahead of Tokyo open and then rallied to 119.06 in Asia.
U.S. dollar later met renewed selling at 118.98 in NY on renewed risk aversion due to the sell off in global stock markets.
Today's breach of last Thursday's low at 117.45 confirms recent decline from last Monday's fresh 7-year high at 121.85 to retrace medium-term uptrend has resumed and further weakness to 117.06 and then towards 116.40/41 is likely, however, o/sold condition would limit downside to 116.00 and bring a much-needed correction later.

On the upside, only a breach of 118.00/01 would signal a low has possibly been made and bring stronger gain to 118.98/06 and then towards 119.56.

 

[acetraderfx]

AceTraderFx Dec 24: Daily Recommendations Major -USD/JPY

Update Time: 24 Dec 2014 02:10 GMT

DAILY OUTLOOK ON USD/JPY

Dlr's firmness after yesterday's rally to 120.80 suggests the correction from December's 7-year peak at 121.85 has indeed ended at 115.57 last Wednesday and above 121.00 would extend gain to 121.34, however, aforesaid peak at 121.85 should hold on 1st testing.


Raise long entry for 121.30 and only a daily close below 120.05 dampens bullishness on dlr, 119.66.

 

[acetraderfx]

AceTraderFx Feb 25: Daily Market Outlook on Major (USD/JPY)

DAILY MARKET OUTLOOK
Update Time: 25 Feb 2015 00:54 GMT

USD/JPY - 118.80
Despite yesterday's cross-inspired rebound above last week's 119.41 high to 119.84 in New York morning, subsequent selloff to 118.76 following Fed chief Yellen's mildly dovish testimony suggests early erratic rise from last week's low at 118.20 has ended there and consolidation with downside bias is in store today.
However, only below 118.20 would retain bearishness for recent fall from February's 120.48 to extend to 117.90/00, loss of downward momentum should keep price above 117.62 (being 61.8% r of 115.85-120.48).

On the upside, expect 119.41 to cap intra-day recovery and only above 119.84/88 res would risk marginal gain to 120.00/04 before prospect of another decline.

 

[acetraderfx]

AceTraderFx Mar 11: Daily Recommendations on Majors - USD/JPY

DAILY OUTLOOK ON USD/JPY - 121.30
Update Time: 11 Mar 2015 07:30 GMT

Despite dlr's brief break of 2014 peak at 121.85 to a near 8-year peak of 122.03 in Asia yesterday, subsequent stronger-than-expected cross-inspired fall suggests a temp. top is in place and 'choppy' trading is in store in next 1-2 days before another rise.

Intra-day bounce from 120.86 signals 1st leg of correction over, buy for 121.85. Below 120.61, 120.30.