AceTraderFx: DAILY MARKET OUTLOOK on Major - USD/JPY

[acetraderfx]

AceTraderFx Jan 26: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 26 Jan 2017 09:01 GMT

USD/JPY - 113.78
Despite the greenback's resumption of erratic decline from December's 10-1/2 month peak at 118.66 to a fresh 7-week trough at 112.53 on Tuesday, subsequent strong rebound to 113.99 yesterday suggests a temporary low has been made there and consolidation with mild upside bias would be seen.
However, resistance at 114.54 should remain intact and yield another fall later this week.

On the downside, only below 112.90 would indicate aforesaid recovery has ended instead and turn outlook bearish for a re-test of aforesaid support.

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 Feb 13: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 13 Feb 2017 09:36 GMT

USD/JPY - 113.61
Despite dollar's intra-day rise above last Friday's high at 113.86 to 114.17, subsequent retreat suggests the first leg of correction from last Tuesday's low at 111.60 has possibly ended there and choppy trading with downside bias would be seen for marginal weakness.
However, as broad-outlook remains consolidative, support at 112.87 should remain intact and yield another rebound later today.

On the upside, only above 114.17 would revive bullishness for gain towards 114.70/80 but near term loss of momentum would keep price below resistance at 115.38.

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 Feb 14: Intra-Day Market Moving News and Views USD/JPY

Intra-Day Market Moving News and Views
14 Feb 2017 02:12GMT

USD/JPY - ..... Dlr edges higher in Tokyo morning after y'esteray's intra-day wild swings following intra-day retreat from 114.17 (Asia) to 113.45. Despite U.S. stocks climbing to record highs n continued rise U.S. Treasury yields, the pair was kept range bound in directionless New York session.

Having said that, as renewed buying interest above 113.45 emerged in Asia has lifted price, suggesting consolidation with upside bias is in store.
Bids are noted at 113.55-45 with stops below there, more buying interest is reported at 113.05/00.
Offers are tipped at 113.80/90 n more above with stops above 114.20.

Pay attention release of key U.S. eco. data starting with PPI n then Redbook retail sales. Several Fed officials will be speaking later in the day but market is paying close attention to Fed Yellen's semi-annual testimony b4 the Congress at 15:00GMT. Traders will listen to her (Fed) outlook on the central banks' monetary policy n the economy. So if her outlook is mildly hawkish, the USD will rally.

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 Feb 14: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 14 Feb 2017 09:00 GMT

USD/JPY - 113.47
Despite dollar's intra-day rise above last Friday's high at 113.86 to 114.17, subsequent retreat suggests the first leg of correction from last Tuesday's low at 111.60 has possibly ended there and choppy trading with downside bias would be seen for marginal weakness.
However, as broad-outlook remains consolidative, support at 112.87 should remain intact and yield another rebound later today.

On the upside, only above 114.17 would revive bullishness for gain towards 114.70/80 but near term loss of momentum would keep price below resistance at 115.38.

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 Feb 15: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 15 Feb 2017 09:12 GMT

USD/JPY - 114.50
The greenback's rise above Monday's high at 114.17 to 114.49 yesterday on Federal Reserve Chair Yellen's hawkish testimony and intra-day break of this resistance suggests the upmove from last Tuesday's 7-week trough at 111.60 remains in progress and upside bias would be seen for gain towards 114.90/93.
However, near term loss of momentum would prevent strong move beyond there and reckon 115.13 would remain intact.

On the downside, only below 113.87 would indicate a temporary top has been made and risk would increase for a much-needed retracement towards 113.25.

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 Feb 23: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 23 Feb 2017 09:30 GMT

USD/JPY - 113.23
The greenback's rebound from last Friday's low at 112.62 suggests the pullback from last Wednesday's high at 114.96 has ended there and consolidation with upside bias remains for gain towards 114.17, then 114.50 later this week, however, as broad-outlook remains consolidative, reckon aforesaid upper level would remain intact on first testing and yield retreat.

On the downside, only below 112.62 would revive bearishness for a stronger retracement of early rise from February's trough at 111.60 towards 112.06/08.

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 Feb 24: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 24 Feb 2017 09:16 GMT

USD/JPY - 112.66
The greenback's rebound from last Friday's low at 112.62 suggests the pullback from last Wednesday's high at 114.96 has ended there and consolidation with upside bias remains for gain towards 114.17, then 114.50 later this week.
However, as broad-outlook remains consolidative, reckon aforesaid upper level would remain intact on first testing and yield retreat.

On the downside, only below 112.62 would revive bearishness for a stronger retracement of early rise from February's trough at 111.60 towards 112.06/08.

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 Feb 28: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 28 Feb 2017 09:26 GMT

USD/JPY - 112.40
The greenback's rebound from last Friday's low at 112.62 suggests the pullback from last Wednesday's high at 114.96 has ended there and consolidation with upside bias remains for gain towards 114.17, then 114.50 later this week.
However, as broad-outlook remains consolidative, reckon aforesaid upper level would remain intact on first testing and yield retreat.

On the downside, only below 112.62 would revive bearishness for a stronger retracement of early rise from February's trough at 111.60 towards 112.06/08.

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 Mar 01: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 01 Mar 2017 09:00 GMT

USD/JPY - 113.55
The greenback's strong rebound from yesterday's trough at 111.69 suggests the correction from February's high at 114.96 has ended there and consolidation with upside bias remains for gain towards 114.17, then 114.50 later this week.
However, as broad-outlook remains consolidative, reckon aforesaid upper level would remain intact on first testing and yield retreat.

On the downside, only below 112.62 would revive bearishness for a stronger retracement of early rise from February's trough at 111.60 towards 112.06/08.

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 Mar 02: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 02 Mar 2017 09:20 GMT

USD/JPY - 114.26
The greenback's strong rebound from yesterday's trough at 111.69 suggests the correction from February's high at 114.96 has ended there and consolidation with upside bias remains for gain towards then 114.50 later this week.
However, as broad-outlook remains consolidative, reckon aforesaid upper level would remain intact on first testing and yield retreat.

On the downside, only below 112.62 would revive bearishness for a stronger retracement of early rise from February's trough at 111.60 towards 112.06/08.

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