AceTraderFx: DAILY MARKET OUTLOOK on Major - USD/JPY

[acetraderfx]

AceTraderFx Nov 30: Daily Recommendations on Major USD/JPY

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.

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[acetraderfx]

AceTraderFx Dec 2: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 02 Dec 2016 09:13 GMT

USD/JPY - 113.91
Despite the greenback's resumption of recent winning streak to a fresh 9-month peak at 114.83 in Australia yesterday, subsequent strong retreat to 113.58 today suggests a minor top has been made and mild downside bias would be seen for retracement towards 113.50/60.
However, 113.34 (previous resistance, now support) should remain intact and yield another rise towards said high later today or early tomorrow.

On the downside, only below 113.34 would abort daily bullishness and yield stronger correction of medium-term upmove towards 112.96, then 112.50/60.

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]

AceTraderFx Dec 5: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 05 Dec 2016 09:03 GMT

USD/JPY - 114.11
Despite the greenback's resumption of recent winning streak to a fresh 9-month peak at 114.83 last Thursday, subsequent sharp selloff to 112.88 today on risk aversion suggests a minor top has been made and mild downside bias would be seen for retracement towards 112.50/60.
However, support at 112.06 should remain intact and yield another rise towards said high later today or early tomorrow.

On the upside, only above 14.21 would indicate the first leg of correction has ended instead and turn outlook bullish for gain towards 114.54, then 114.83 again.

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 Dec 6: Daily Recommendations on Major

DAILY MARKET OUTLOOK
Update Time: 06 Dec 2016 09:08 GMT

USD/JPY - 113.83
Despite the greenback's resumption of recent winning streak to a fresh 9-month peak at 114.83 last Thursday, subsequent sharp selloff to 112.88 today on risk aversion suggests a minor top has been made and mild downside bias would be seen for retracement towards 112.50/60.
However, support at 112.06 should remain intact and yield another rise towards said high later today or early tomorrow.

On the upside, only above 14.21 would indicate the first leg of correction has ended instead and turn outlook bullish for gain towards 114.54, then 114.83 again.

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 Dec 7: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 07 Dec 2016 09:08 GMT

USD/JPY - 114.24
Despite the greenback's resumption of recent winning streak to a fresh 9-month peak at 114.83 last Thursday, subsequent sharp selloff to 112.88 on Monday on risk aversion suggests a minor top has been made and mild downside bias would be seen for retracement towards 112.50/60.
However, support at 112.06 should remain intact and yield another rise towards said high later today or early tomorrow.

On the upside, only above 114.54 would indicate the first leg of correction has ended instead and turn outlook bullish for gain towards 114.83 again.

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 Dec 8: Daily Recommendations on Major JPY/USD

DAILY MARKET OUTLOOK
Update Time: 08 Dec 2016 09:40GMT

USD/JPY - 113.35
Despite the greenback's resumption of recent winning streak to a fresh 9-month peak at 114.83 last Thursday, subsequent sharp selloff to 112.88 on Monday on risk aversion suggests a minor top has been made and mild downside bias would be seen for retracement towards 112.50/60.
However, support at 112.06 should remain intact and yield another rise towards said high later today or early tomorrow.

On the upside, only above 114.54 would indicate the first leg of correction has ended instead and turn outlook bullish for gain towards 114.83 again.

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 Dec 9: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 09 Dec 201609:15 GMT

USD/JPY - 114.48
Despite yesterday's initial fall to 113.14, subsequent rally to 114.37 and intra-day rise above this level suggests the first leg of correction from last Thursday's 9-month peak at 114.83 has ended at 112.88 Monday and consolidation with upside bias remains.
However, above 114.78 (reaction high) is needed to confirm this view and yield resumption of medium-term upmove for a re-test of 114.83 later today or early next week.

On the downside, only below 113.14 would abort daily bullishness and risk weakness towards 112.88, break there would retain bearishness for a stronger retracement towards 112.40/50.

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 Dec 13: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 13 Dec 2016 09:33 GMT

USD/JPY - 115.34
Dollar's intra-day rally to a fresh 10-month peak at 116.13 yesterday suggests medium-term upmove remains in progress and consolidation with upside bias remains for further gain towards 116.50/60, however, near term loss of momentum would prevent strong gain beyond there and yield a much-needed correction later this week.
On the downside, only below 114.78 (previous resistance) would indicate a temporary top has been made and risk stronger retracement towards 114.57.

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 Dec 14: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 14 Dec 2016 09:46 GMT

USD/JPY - 115.06
Dollar's intra-day rally to a fresh 10-month peak at 116.13 Monday suggests medium-term upmove remains in progress and consolidation with upside bias remains for further gain towards 116.50/60.
However, near term loss of momentum would prevent strong gain beyond there and yield a much-needed correction later this week.

On the downside, only below 114.78 (previous resistance) would indicate a temporary top has been made and risk stronger retracement towards 114.57.

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 Dec 20: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 20 Dec 2016 09:29 GMT

USD/JPY - 117.98
Despite the greenback's rally to a fresh 10-month peak at 118.66 last Thursday, subsequent retreat to 117.47 Friday, then to 116.99 today suggests medium-term uptrend has made a temporary top there and consolidation with downside bias would be seen for a stronger retracement towards 116.50/55.

However, near term loss of momentum would keep price above 116.13 and yield rebound later this week.
On the upside, only above 118.04 would confirm the first leg of correction has ended instead and turn outlook bullish for a re-test of aforesaid resistance.

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