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AceTraderFx Apr 11: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK
Update Time: 11 Apr 2016 09:14 GMT
USD/JPY - 108.16
Despite dollar's selloff to a fresh 17-month trough at 107.63 in Asian morning today, subsequent rebound in European morning suggests MT downtrend has made a temporary low there and consolidation would be seen, however, reckon 109.10 would cap upside and yield another selloff later this week.
On the downside, below 107.63 yield further weakness towards 107.20/30 before correction occurs due to loss of momentum.
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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time
Update Time: 11 Apr 2016 09:14 GMT
USD/JPY - 108.16
Despite dollar's selloff to a fresh 17-month trough at 107.63 in Asian morning today, subsequent rebound in European morning suggests MT downtrend has made a temporary low there and consolidation would be seen, however, reckon 109.10 would cap upside and yield another selloff later this week.
On the downside, below 107.63 yield further weakness towards 107.20/30 before correction occurs due to loss of momentum.
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