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AceTraderFx Jun 29: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 29 Jun 2016 09:15GMT
USD/JPY - 102.39
Although dollar's erratic rise from 101.41 (Monday) to 102.84 in Australia today suggests further volatile price swings above last Friday's 29-month bottom at 99.00 would continue.
Intra-day cross-inspired retreat signals near term downside bias remains, reckon 101.77/82 would hold and bring subsequent rebound, above 102.84 needed to extend gain towards 103.25.
Below 101.77 would risk weakness twd 101.41 but expect 101.00/10 to contain weakness.
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Update Time: 29 Jun 2016 09:15GMT
USD/JPY - 102.39
Although dollar's erratic rise from 101.41 (Monday) to 102.84 in Australia today suggests further volatile price swings above last Friday's 29-month bottom at 99.00 would continue.
Intra-day cross-inspired retreat signals near term downside bias remains, reckon 101.77/82 would hold and bring subsequent rebound, above 102.84 needed to extend gain towards 103.25.
Below 101.77 would risk weakness twd 101.41 but expect 101.00/10 to 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