AceTraderFx: DAILY MARKET OUTLOOK on Major - USD/JPY

[acetraderfx]

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

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 12 Sep 2016 09:26 GMT

USD/JPY - 102.24
Despite the greenback's rise to 103.06 last Friday, subsequent retreat suggests the recovery from last Wednesday's low at 101.21 has possibly ended there and choppy trading with downside bias would be seen for weakness towards 101.92, below would confirm this view and extend towards 101.41.
However, aforesaid support should remain intact and yield rebound.

On the upside, only above 103.06 would revive bullishness for gain towards 103.81 but September's peak at 104.32 would hold on first testing and yield retreat later this week.

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

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 14 Sep 2016 09:47 GMT

USD/JPY - 102.93
The greenback's intra-day rally and subsequent breach of previous resistance at 103.06 confirms decline from September's peak at 104.32 has ended at 101.21 last Wednesday and choppy trading with upside bias would be seen for gain towards 103.81, then 104.00.
However, aforesaid top should hold on first testing and yield retreat later this week.

On the downside, only below 101.42 would indicate above mentioned recovery has ended and risk re-test of 101.21, break would yield stronger retracement to 100.90/95.

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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 Sept 19: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 19 Sep 2016 09:12 GMT

USD/JPY - 101.75
Despite the greenback's strong rebound from last Tuesday's low at 101.42 to 103.36 last Wednesday, subsequent strong retreat suggests the recovery from September's low at 101.21 has ended there and choppy trading with downside bias would be seen for weakness towards 101.42, below would confirm this view and yield re-test of 101.21 later this week.

On the upside, only above 102.59 would indicate the pullback from 103.36 has ended instead and turn outlook bullish for gain towards 103.06.

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 Sept 20: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 20 Sep 2016 09:29 GMT
USD/JPY - 101.73
Despite the greenback's strong rebound from last Tuesday's low at 101.42 to 103.36 last Wednesday, subsequent strong retreat suggests the recovery from September's low at 101.21 has ended there and choppy trading with downside bias would be seen for weakness towards 101.42, below would confirm this view and yield re-test of 101.21 later this week.

On the upside, only above 102.59 would indicate the pullback from 103.36 has ended instead and turn outlook bullish for gain towards 103.06.

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 Sept 22: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 22 Sep 2016 09:01 GMT

USD/JPY - 100.65
Despite intra-day resumption of decline from September's peak at 104.32 to 100.10 at Asian open, subsequent rebound suggests a temporary low has possibly been made and choppy trading with mild upside bias would be seen.

However, 101.02 (previous support, now resistance) would hold and yield retreat later today.
On the downside, only below 100.10 would revive bearishness for further weakness towards 100.65/70.
Having said that, loss of momentum would prevent steep fall below there and risk would increase for a much-needed correction later.

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 Sept 26: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 26 Sep 2016 09:17 GMT

USD/JPY - 100.60
Despite last week's resumption of decline from September's peak at 104.32 to 100.10 Thursday, subsequent strong rebound to 101.24 Friday suggests a temporary low has possibly been made and choppy trading with mild upside bias would be seen.
However, 101.58 (previous support, now resistance) would hold and yield retreat later today.

On the downside, only below 100.10 would revive bearishness for further weakness towards 100.65/70.
Having said that, loss of momentum would prevent steep fall below there and risk would increase for a much-needed correction later.

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 Sept 27: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 27 Sep 2016 09:20 GMT

USD/JPY - 100.54
Despite intra-day 1-tick break of last Thursday's 1-month trough at 100.10, subsequent rally to 100.99 suggests a minor low has possibly been made there and choppy trading with upside bias would be seen.
However, above resistance at 101.24 is needed to add credence to this view and yield stronger retracement of medium-term decline towards 101.58/60 before prospect of another retreat.

On the downside, only below 100.09 would revive bearishness for weakness towards 99.70/80.
However, near term loss of momentum would keep price above key daily support at 99.54 and yield correction.

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[acetraderfx]

AceTraderFx Oct 3: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 03 Oct 2016 09:14 GMT

USD/JPY - 101.41
Although dollar's cross-inspired rebound from 100.75 (Friday) to 101.65 today suggests correction from 101.84 top has ended and consolidation is expected before near term rise from last Tuesday's 1-month trough at 100.09 to retrace recent decline heads to 102.20 later, however, 'loss of momentum' should prevent strong gain and reckon res at 102.78 should remain intact.

Expect 100.75 sup to hold for this move and only below this level dampens bullishness on dollar, risks 100.45/50 before prospect of another rebound 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 Oct 6: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 06 Oct 201609:09 GMT

USD/JPY - 103.66
Dollar's rally to 103.66 yesterday and intra-day break of this level confirms recent decline from 104.32 (September high) has indeed ended earlier at 100.09 last week and consolidation with upside bias remains for further headway towards next chart obj. at 103.81.
However, overbought condition would prevent strong gain and reckon 104.32 would hold on 1st testing.

On the downside, only below 101.84 signals top is in place and may risk stronger pullback to 101.45/502 but 101.16 should contain weakness.

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 Oct 11: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 11 Oct 2016 09:12 GMT

USD/JPY - 103.94
Despite the greenback's fall to 102.81 yesterday, subsequent rally to 103.78 and intra-day break of this level to 104.07 confirms the pullback from last Thursday's high at 104.16 has ended there and consolidation with upside bias remains for recent upmove to resume and above 104.16 would bring re-test of September's high at 104.32, break would yield 104.87/90 later.

On the downside, only below 102.81 would indicate a temporary top has been made and risk would increase for a stronger retracement to 102.46/50.

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