AceTraderFx: DAILY MARKET OUTLOOK on Major - USD/JPY

[acetraderfx]

AceTraderFx Dec 21: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 21 Dec 2016 09:41 GMT

USD/JPY - 117.69
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.

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[acetraderfx]

AceTraderFx Dec 22: Daily Recommendations on Major

DAILY MARKET OUTLOOK
Update Time: 22 Dec 2016 09:06 GMT

USD/JPY - 117.74
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

 

[acetraderfx]

AceTraderFx Dec 23: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 23 Dec 2016 09:27 GMT

USD/JPY - 117.45
Despite the greenback's rally to a fresh 10-month peak at 118.66 last Thursday, subsequent retreat to 116.56 on Monday suggests medium-term uptrend has made a temporary top there and consolidation with downside bias would be seen for a stronger retracement towards 116.20/25, however, near term loss of momentum would keep price above 116.13 and yield rebound early next week.

On the upside, only above 118.24 would confirm the first leg of correction has ended instead and turn outlook bullish for a re-test of aforesaid resistance.

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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 Dec 28: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 28 Dec 2016 09:12 GMT

USD/JPY - 117.53
The greenback's rebound from Monday's low at 117.01 to 117.61 yesterday, then to 117.74 today suggests further choppy trading inside recent range of 116.56-118.24 would continue with mild upside bias n marginal gain from here would be seen.
However, said upper level would remain intact this week and yield another retreat later.

On the downside, only below 117.01 would revive bearishness for a re-test of indicated lower level, a break there would signal decline from December's 10-1/2 month peak at 118.66 has resumed and extend towards 116.13 later next week.

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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 Dec 29: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 29 Dec 2016 09:02 GMT

USD/JPY - 116.32
The greenback's sharp selloff from yesterday's high at 117.82 and intra-day break of previous support at 116.56 signals the decline from December's 10-1/2 month peak at 118.66 has finally resumed and consolidation with downside bias would be seen for weakness towards 116.13 (previous resistance), then to 115.48 later next week.
However, near term loss of momentum would keep price above 114.83 and yield correction later.

On the upside, only above 117.82 would indicate a temporary low has been made and turn outlook bullish for gain towards 118.24 but 118.43 would remain intact.

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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 Dec 03: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 03 Jan 2017 09:14 GMT

USD/JPY - 117.83
Despite the greenback's sharp selloff from last Wednesday's high at 117.82 to 116.05 last Friday, subsequent strong rebound signals the decline from December's 10-1/2 month peak at 118.66 has made a temporary low over there and consolidation with upside bias would be seen for gain towards 118.24.
However, as broad-outlook remains consolidative, resistance at 118.43 should remain intact, yield retreat.

On the downside, only below 116.74 would indicate aforesaid recovery has ended there instead and turn outlook bearish for weakness to 116.43 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]

AceTraderFx Dec 04: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 04 Jan 2017 09:26 GMT

USD/JPY - 117.76
Despite the greenback's sharp selloff from last Wednesday's high at 117.82 to 116.05 last Friday, subsequent strong rebound signals the decline from December's 10-1/2 month peak at 118.66 has made a temporary low over there and consolidation with upside bias would be seen for gain towards 118.24.
However, as broad-outlook remains consolidative, resistance at 118.43 should remain intact, yield retreat.

On the downside, only below 116.74 would indicate aforesaid recovery has ended there instead and turn outlook bearish for weakness to 116.43 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]

AceTraderFx Dec 06: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 06 Jan 2017 09:11 GMT

USD/JPY - 116.21
Despite the greenback's intra-day resumption of decline from December's 10-1/2 month peak at 118.66 to 115.07 ahead of Asian open, subsequent rebound suggests a temporary low has been made and choppy trading with upside bias would be seen ahead of today's release of U.S. jobs report and gain towards 116.78/80 is likely.
However, 117.23 should remain intact and yield another retreat later.

On the downside, only below 115.07 would revive bearishness for a stronger retracement of medium-term decline towards 114.74, then 114.30 early next 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]

AceTraderFx Dec 09 Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 09 Jan 2017 09:29 GMT

USD/JPY - 117.18
Despite the greenback's intra-day resumption of decline from December's 10-1/2 month peak at 118.66 to 115.07 ahead of Asian open, subsequent rebound suggests a temporary low has been made and choppy trading with upside bias would be seen ahead of today's release of U.S. jobs report and gain towards 116.78/80 is likely.
However, 117.23 should remain intact and yield another retreat later.

On the downside, only below 115.07 would revive bearishness for a stronger retracement of medium-term decline towards 114.74, then 114.30 early next 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]

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

DAILY MARKET OUTLOOK on Major
Update Time: 10 Jan 2017 09:11 GMT

USD/JPY - 115.86
Despite the greenback's intra-day resumption of decline from December's 10-1/2 month peak at 118.66 to 115.07 ahead of Asian open, subsequent rebound suggests a temporary low has been made and choppy trading with upside bias would be seen ahead of today's release of U.S. jobs report and gain towards 116.78/80 is likely.
However, 117.23 should remain intact and yield another retreat later.

On the downside, only below 115.07 would revive bearishness for a stronger retracement of medium-term decline towards 114.74, then 114.30 early next 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