AceTraderFx: DAILY MARKET OUTLOOK on Major - USD/JPY

[acetraderfx]

AceTraderFx Nov 9: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 09 Nov 2016 09:07 GMT

USD/JPY - 103.51
Despite the greenback's selloff to as low as 101.19 in Asia after initial polls showed Trump leading, subsequent strong rebound on short-covering after Trump's victory suggests recent erratic decline from October's peak at 105.53 has made a temporary low there and choppy trading with upside bias would be seen, however, resistance at 104.63 should remain intact and yield another retreat later today.

On the downside, only below 102.55 (previous resistance) would indicate aforesaid recovery is over and turn outlook bearish for weakness towards 102.16/20.

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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates

 

[acetraderfx]

AceTraderFx Nov 10: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 10 Nov 201608:22 GMT

USD/JPY - 105.68
Despite the greenback's selloff from 105.47 to as low 101.19 yesterday, subsequent rally to 105.89, then to a fresh 3-month peak at 105.95 in Asia suggests recent erratic uptrend has once again resumed and consolidation with upside bias would be seen for gain towards 106.10/20, however, loss of momentum would keep price below 106.50 and yield a much-needed correction later.

On the downside, only below 104.30 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement towards 103.78/80.

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]

AceTraderFx Nov 11: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 11 Nov 2016 08:29 GMT

USD/JPY - 106.68
Despite the greenback's selloff from 105.47 to as low 101.19 yesterday, subsequent rally to 105.89, then to a fresh 3-month peak at 105.95 in Asia suggests recent erratic uptrend has once again resumed and consolidation with upside bias would be seen for gain towards 106.10/20, however, loss of momentum would keep price below 106.50 and yield a much-needed correction later.

On the downside, only below 104.30 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement towards 103.78/80.

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]

AceTraderFx Nov 14: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 14 Nov 2016 08:35 GMT

USD/JPY - 107.90
The greenback's intra-day rally above last Thursday's 5-month peak at 106.95 on dollar's broad-based strength signals recent erratic uptrend remains in progress and consolidation with upside bias would be seen for marginal gain, however, over bought condition would prevent steep gain and risk would increase for a much-needed correction later today.

On the downside, only below 106.95 (previous resistance, now support) would indicate a temporary top has been made and risk stronger retracement towards 106.03.

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]

AceTraderFx Nov 15: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 15 Nov 201608:20 GMT

USD/JPY - 108.11
The greenback's intra-day rally above last Thursday's 5-month peak at 106.95 on dollar's broad-based strength signals recent erratic uptrend remains in progress and consolidation with upside bias would be seen for marginal gain, however, over bought condition would prevent steep gain and risk would increase for a much-needed correction later today.

On the downside, only below 106.95 (previous resistance, now support) would indicate a temporary top has been made and risk stronger retracement towards 106.03.

 

[acetraderfx]

AceTraderFx Nov 16: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 16 Nov 201608:25 GMT

USD/JPY - 109.46
Although the greenback's rally to a fresh 5-1/2 month peak at 109.33 yesterday and intra-day break of this level signals erratic medium-term upmove has once again resumed and consolidation with upside bias remains for marginal gain, over bought condition would prevent sharp from here and reckon 110.35 would remain intact and risk would increase for a much-needed correction later this week.

On the downside, only below 108.15 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement towards 107.70/80.

 

[acetraderfx]

AceTraderFx Nov 17: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 17 Nov 2016 08:36 GMT

USD/JPY - 109.02
Although the greenback's rally to a fresh 5-1/2 month peak at 109.33 Tuesday and yesterday's break of this level to 109.76 signals erratic medium-term upmove has once again resumed and consolidation with upside bias remains for marginal gain, over bought condition would prevent sharp from here and reckon 110.35 would remain intact and risk would increase for a much-needed correction later this week.

On the downside, only below 108.15 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement towards 107.70/80.

 

[acetraderfx]

AceTraderFx Nov 18: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 18 Nov 2016 09:33 GMT

USD/JPY - 110.75
Although the greenback's intra-day rise to a fresh 5-1/2 month peak at 110.93 signals erratic medium-term uptrend remains in progress and consolidation with upside bias would be seen for marginal gain, reckon loss of momentum would prevent strong gain beyond here and risk would increase for a much-needed correction later today or early next week.

On the downside, only below 109.76 (previous resistance, now support) would indicate a temporary top has been made and risk stronger retracement towards 109.33.

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]

AceTraderFx Nov 21: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 21 Nov 201609:13 GMT

USD/JPY - 110.92
Although the greenback's intra-day rise to a fresh 5-1/2 month peak at 111.19 signals erratic medium-term uptrend remains in progress and consolidation with upside bias would be seen for marginal gain, reckon loss of momentum would prevent strong gain beyond here and risk would increase for a much-needed correction later today or early next week.

On the downside, only below 109.76 (previous resistance, now support) would indicate a temporary top has been made and risk stronger retracement towards 109.33.

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]

AceTraderFx Nov 23: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 23 Nov 2016 09:23 GMT

USD/JPY - 111.08
Although the greenback's re-test of Monday's fresh 5-1/2 month peak at 111.36 in New York yesterday signals erratic medium-term uptrend remains in progress and consolidation with upside bias would be seen for marginal gain, reckon loss of momentum would prevent strong gain beyond here and risk would increase for a much-needed correction later today.

On the downside, only below 109.76 (previous resistance, now support) would indicate a temporary top has been made and risk stronger retracement towards 109.33.

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