AceTraderFx: DAILY MARKET OUTLOOK on Major - USD/JPY

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AceTraderFx Dec 11: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 11 Dec 2017 10:00 GMT

USD/JPY - 113.44
Although price has eased after intra-day rise to a 3-week peak at 113.69 and minor consolidation would be seen, as said move signals decline from November's 4-1/2 month top at 114.74 has made a temporary low at 110.84 in November, upside bias remains and above 113.69 would extend to 113.91.
However, near term loss of momentum would keep price below 114.34 and yield retreat.

On the downside, only below 112.86 (previous resistance, now support) would indicate aforesaid recovery has ended instead and turn outlook bearish for weakness towards 112.37/40.

Data to be released today:
Japan business survey index, Italy retail sales, and U.S. JOLTS job openings on Monday.

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AceTraderFx Dec 12: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 12 Dec 2017 09:20 GMT

USD/JPY - 113.48
Although price has eased after yesterday's rise to a 3-week peak at 113.69 and minor consolidation would be seen, as said move signals decline from November's 4-1/2 month top at 114.74 has made a temporary low at 110.84 in November, upside bias remains and above 113.69 would extend to 113.91.
However, near term loss of momentum would keep price below 114.34 and yield retreat.

On the downside, only below 112.86 (previous resistance, now support) would indicate aforesaid recovery has ended instead and turn outlook bearish for weakness towards 112.37/40.

The greenback is likely to trade narrowly as Fed begins its last 2-day monetary policy later today, however, some price swings are expected during New York morning when final PPI are released and then Redbook retail sales.

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[acetraderfx]

AceTraderFx Dec 14: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 14 Dec 2017 09:30 GMT

USD/JPY - 112.75
The greenback's selloff to as low as 112.46 yesterday after the Federal Reserve hiked its rate by 25 bps suggests corrective rise from November's 2-month trough at 110.84 has made a temporary top at 113.75 Tuesday and choppy trading with downside bias would be seen for weakness towards 112.26 (50% r), however, support at 112.00 should remain intact initially and yield rebound.

On the upside, only above 113.25 (previous support, now resistance) would indicate said pullback is over and risk re-test of said res, break would extend to 114.10/20.

Data to be released on Thursday:

Japan Nikkei manufacturing PMI, industrial production, capacity utilization, Australia employment change, unemployment rate.
U.S. import prices, export prices, initial jobless claims, retail sales, retail sales ex-autos, Markit manufacturing PMI, Markit services PMI, business inventories. Canada new housing price index.

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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 15: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 15 Dec 2017 09:30 GMT

USD/JPY - 112.13
The greenback's selloff to as low as 112.46 Wednesday after the Federal Reserve hiked its rate by 25 bps, then to 112.07 yesterday suggests corrective rise from November's 2-month trough at 110.84 has made a temporary top at 113.75 Tuesday and choppy trading with downside bias would be seen for weakness towards 111.70/74, however, support at 111.41 should remain intact initially and yield rebound.

On the upside, only above 113.25 (previous support, now resistance) would indicate said pullback is over and risk re-test of said res, break would extend to 114.10/20.

U.S. will release New York Fed manufacturing index, industrial prod., capacity utilization and manufacturing output during New York morning.

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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 19: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 19 Dec 2017 09:30 GMT

USD/JPY - 112.54
The greenback's selloff to as low as 112.46 Wednesday after the Federal Reserve hiked its rate by 25 bps, then to 112.07 yesterday suggests corrective rise from November's 2-month trough at 110.84 has made a temporary top at 113.75 on Tuesday and choppy trading with downside bias would be seen for weakness towards 111.70/74, however, support at 111.41 should remain intact initially and yield rebound.

On the upside, only above 113.25 (previous support, now resistance) would indicate said pullback is over and risk re-test of said res, break would extend to 114.10/20.

Data to be released on Tuesday:
New Zealand Westpac consumer survey, ANZ business outlook, ANZ activity outlook, GDT price index, Australia Westpac leading index, Japan industry activity, Germany Ifo business climate, Ifo current conditions, Ifo expectations, EU labour costs, euro zone wages, construction output, and U.S. current account, building permits, housing starts, redbook.

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AceTraderFx Dec 21: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 21 Dec 2017 09:30 GMT

USD/JPY - 113.59
The greenback's strong rebound from last Friday's low at 112.03 strongly suggests the pullback from last Tuesday's high at 113.75 has ended there and consolidation with upside bias remains for upmove from November's 2-month trough at 110.84 to resume and yield re-test of said resistance, break would extend to 114.00/10 before prospect of a retreat due to near term loss of momentum.
On the downside, only below 112.83 would indicate aforesaid recovery has ended instead and turn outlook bearish for weakness to 112.51, then 112.03 again.

Data to be released on Thursday:
Japan Bank of Japan interest rate decision, Swiss exports, imports, trade balance, France business climate, U.K. PSNB, PSNCR.
U.S. GDP, PCE, core PCE, initial jobless claims, national activity index, monthly home price, Canada CPI, core CPI, retail sales, and EU consumer confidence.

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AceTraderFx Dec 22: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 22 Dec 2017 10:00 GMT

USD/JPY - 113.42
The greenback's strong rebound from last Friday's low at 112.03 strongly suggests the pullback from last Tuesday's high at 113.75 has ended there and consolidation with upside bias remains for upmove from November's 2-month trough at 110.84 to resume and yield re-test of said resistance, break would extend to 114.00/10 before prospect of a retreat due to near term loss of momentum.

On the downside, only below 112.83 would indicate aforesaid recovery has ended instead and turn outlook bearish for weakness to 112.51, then 112.03 again.

Data to be released on Friday:
Germany GfK consumer sentiment, France consumer spending, GDP, producer prices, Swiss KOF indicator, U.K. GDP, Italy business confidence, consumer confidence, industrial order, industrial sales.
Canada GDP, retail sales, and U.S. building permits, personal income, PCE, core PCE, durable goods, durables ex-transport, durables ex-def, University of Michigan sentiment, new home sales, KC Fed manufacturing


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AceTraderFx Dec 27: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 27 Dec 2017 09:30 GMT

USD/JPY - 113.18
The greenback's strong rebound from last Friday's low at 112.03 strongly suggests the pullback from last Tuesday's high at 113.75 has ended there and consolidation with upside bias remains for upmove from November's 2-month trough at 110.84 to resume and yield re-test of said resistance, break would extend to 114.00/10 before prospect of a retreat due to near term loss of momentum.

On the downside, only below 112.83 would indicate aforesaid recovery has ended instead and turn outlook bearish for weakness to 112.51, then 112.03 again.

Data to be released today:
Japan construction orders, housing starts, Swiss UBS consumption indicator, ZEW investor sentiment, U.K. BBA mortgage approvals, and U.S. redbook, pending home sales on Wednesday.

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 28: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 28 Dec 2017 09:30 GMT

USD/JPY - 112.75
The greenback's strong rebound from last Friday's low at 112.03 strongly suggests the pullback from last Tuesday's high at 113.75 has ended there and consolidation with upside bias remains for upmove from November's 2-month trough at 110.84 to resume and yield re-test of said resistance, break would extend to 114.00/10 before prospect of a retreat due to near term loss of momentum.
On the downside, only below 112.83 would indicate aforesaid recovery has ended instead and turn outlook bearish for weakness to 112.51, then 112.03 again.

Data to be released on Thursday :
Japan industrial production, retail sales, and U.S. wholesale inventories, initial jobless claims, Chicago PMI.

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

 

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AceTraderFx Jan 02: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 02 Jan 2018 09:30 GMT

USD/JPY - 112.59
The greenback's strong rebound from last Friday's low at 112.03 strongly suggests the pullback from last Tuesday's high at 113.75 has ended there.
Consolidation with upside bias remains for upmove from November's 2-month trough at 110.84 to resume and yield re-test of said resistance, break would extend to 114.00/10 before prospect of a retreat due to near term loss of momentum.

On the downside, only below 112.83 would indicate aforesaid recovery has ended instead and turn outlook bearish for weakness to 112.51, then 112.03 again.

Data to be released today:
Italy Markit manufacturing PMI, France Markit manufacturing PMI, Germany Markit manufacturing PMI, EU Markit manufacturing PMI.
Canada Markit manufacturing PMI, and U.S. Markit manufacturing PMI.

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