AceTraderFx: DAILY MARKET OUTLOOK on Major - USD/JPY

[acetraderfx]

AceTraderFx Oct 13: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 13 Oct 201609:01 GMT

USD/JPY - 103.85
Despite the greenback's rally to a fresh 2-month high at 104.64 at Asian open today, subsequent selloff to as low as 103.56 suggests recent erratic uptrend has formed a temporary top there and choppy trading with downside bias would be for minor retracement towards 103.28/29, then 103.18.
However, as broad-outlook remains consolidative, reckon support at 102.81 would remain intact and yield rebound.

On the upside, only above 104.48 would indicate said pullback is over and yield resumption of upmove from August's low at 99.54 for a re-test of 104.64, break, 104.84 later.

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[acetraderfx]

AceTraderFx Oct 14: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 14 Oct 201609:07 GMT

USD/JPY - 104.24
Despite the greenback's rally to a fresh 2-month high at 104.64 at Asian open today, subsequent selloff to as low as 103.56 suggests recent erratic uptrend has formed a temporary top there and choppy trading with downside bias would be for minor retracement towards 103.28/29, then 103.18.
However, as broad-outlook remains consolidative, reckon support at 102.81 would remain intact and yield rebound.

On the upside, only above 104.48 would indicate said pullback is over and yield resumption of upmove from August's low at 99.54 for a re-test of 104.64, break, 104.84 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 Oct 17: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 17 Oct 201609:29 GMT

USD/JPY - 104.19
Despite the greenback's rally to a fresh 2-month high at 104.64 at Asian open last Thursday, subsequent selloff to as low as 103.34 suggests recent erratic uptrend has formed a temporary top there and choppy trading with downside bias would be for minor retracement towards 103.28/29, then 103.18.
However, as broad-outlook remains consolidative, reckon support at 102.81 would remain intact and yield rebound.

On the upside, only above 104.48 would indicate said pullback is over and yield resumption of upmove from August's low at 99.54 for a re-test of 104.64, break, 104.84 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 Oct 20: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 20 Oct 201609:15 GMT

USD/JPY - 103.73
Despite the greenback's fall below last Thursday's low at 113.34 to 113.17 yesterday, subsequent rebound suggests the corrective decline from last week's 2-month peak at 114.64 has made a temporary low there and choppy trading with upside bias would be seen for gain towards 113.95, then 114.20.
However, near term loss of momentum would prevent strong gain beyond there and yield retreat later.

On the downside, only below 113.17 would revive bearishness for a stronger retracement of aforesaid upmove towards 112.81 before prospect of 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 Oct 25: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 25 Oct 2016 09:12 GMT

USD/JPY - 104.44
The greenback's sideways trading after rebound from last Wednesday's low at 103.17 to 104.20 last Friday suggests the pullback from October's 2-month peak at 104.64 has ended there and consolidation with upside bias would be seen for gain towards 104.48, above would confirm this view and yield re-test of said resistance.
Above would extend recent erratic upmove towards 105.10/20 before prospect of a much-needed correction.

On the downside, only below 103.17 would revive bearishness for a stronger retracement towards 102.81.
However, price would remain above 101.84 (previous resistance, now 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 Oct 27: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 27 Oct 201608:46 GMT

USD/JPY - 104.67
Despite dollar's rally to a fresh near 3-month peak at 104.87 Tuesday, subsequent selloff to 104.12 in New York, then 104.02 yesterday suggests erratic decline from August's trough at 99.54 has made a temporary top there and consolidation with downside bias would be seen for a stronger retracement towards 103.72, however, price would hold above 113.52 and yield rebound.

On the upside, only above 104.87 would revive bullishness for one more rise towards 105.00/10, however, loss of momentum would prevent strong gain above there and yield correction.

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 28: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 28 Oct 201609:03 GMT

USD/JPY - 105.23
The greenback's rise above Tuesday's high at 104.87 to a fresh 3-month high at 105.42 today suggests recent erratic upmove from August's trough at 99.54 has once again resumed and consolidation with upside bias would be seen for gain towards 105.70/80.
However, near term loss of momentum would keep price below 106.00 today and yield a much-needed correction later.

On the downside, only below 104.30 would indicate a temporary top has been made and risk would increase for a stronger retracement towards 104.02 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 Nov 1: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 01 Nov 2016 09:31 GMT

USD/JPY - 105.10
The greenback's rise above Tuesday's high at 104.87 to a fresh 3-month high at 105.53 Friday suggests recent erratic upmove from August's trough at 99.54 has once again resumed and consolidation with upside bias would be seen for gain towards 105.70/80.
However, near term loss of momentum would keep price below 106.00 today and yield a much-needed correction later.

On the downside, only below 104.30 would indicate a temporary top has been made and risk would increase for a stronger retracement towards 104.02 later 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 Nov 4: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 04 Nov 2016 09:21 GMT

USD/JPY - 103.05
The greenback's selloff from last Friday's 3-month peak at 105.53 to 103.03 Wednesday, then to 102.55 yesterday signals recent erratic uptrend has formed a temporary top there and consolidation with downside bias would be seen for a stronger retracement towards 102.20/30.
However, over sold condition would prevent steep fall below there and risk would increase for a much-needed correction later.

On the upside, only above 104.87 would indicate aforesaid pullback has ended and turn outlook bullish for gain to 105.23 but above mentioned top would hold on first testing and yield retreat.

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 Nov 7: Daily Recommendations on Major USD/JPY

DAILY MARKET OUTLOOK
Update Time: 07 Nov 2016 09:26 GMT

USD/JPY - 104.49
Despite the greenback's selloff from October's 3-month peak at 105.53 to 103.03 last Wednesday, then to 102.55 last Thursday, intra-day stronger-than-expected rebound on news that FBI cleared Clinton's charges suggests aforesaid correction has ended and consolidation with upside bias would be seen for gain towards 105.10/20.
However, above mentioned peak should remain intact on first testing and yield retreat.

On the downside, only below 103.36 (previous resistance, now support) would indicate the recovery has ended and turn outlook bearish for weakness towards 102.83.

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