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AceTraderFx Oct 12: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 12 Oct 2022 09:30GMT
USD/JPY - 146.23
Dollar's intra-day rally above Sep's 24-year peak at 145.89 to 146.38 in Asia signals long term upmove has once again resumed and despite intervention warnings by Japan officials, outlook remains bullish for gain towards next projected target at 146.96 'later'.
On the downside, only a daily close below 145.71/74 would indicate temporary top made and risk stronger retracement towards 145.43, break, 144.93/03.
Data to be released on Wednesday:
U.K. GDP, industrial output, manufacturing output, construction output, trade balance, EU industrial output.
U.S. MBA mortgage application and U.S. PPI.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update
Update Time: 12 Oct 2022 09:30GMT
USD/JPY - 146.23
Dollar's intra-day rally above Sep's 24-year peak at 145.89 to 146.38 in Asia signals long term upmove has once again resumed and despite intervention warnings by Japan officials, outlook remains bullish for gain towards next projected target at 146.96 'later'.
On the downside, only a daily close below 145.71/74 would indicate temporary top made and risk stronger retracement towards 145.43, break, 144.93/03.
Data to be released on Wednesday:
U.K. GDP, industrial output, manufacturing output, construction output, trade balance, EU industrial output.
U.S. MBA mortgage application and U.S. PPI.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update