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AceTraderFx Sept 26: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 26 Sept 2018 09:30 GMT
USD/JPY - 112.84
Although dollar's intra-day retreat from Asian fresh 2-month high at 113.03 due to cross unwinding in yen suggests temporary top has been made, as long as 112.44 holds, recent upmove should re-test key res at 113.17 (Jul peak), break would extend medium-term rise towards 113.75 target 'later' this week.
Below 112.44 would risk stronger retracement towards 112.05 but reckon 111.66 should remain intact.
Data out on Wednesday :
France consumer confidence, Swiss ZEW investor sentiment, UK BBA mortgage approvals, CBI distributive trades.
U.S. MBA mortgage application, building permits, new home sales, Fed's interest rate decision, Fed's monetary policy statement.
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
Update Time: 26 Sept 2018 09:30 GMT
USD/JPY - 112.84
Although dollar's intra-day retreat from Asian fresh 2-month high at 113.03 due to cross unwinding in yen suggests temporary top has been made, as long as 112.44 holds, recent upmove should re-test key res at 113.17 (Jul peak), break would extend medium-term rise towards 113.75 target 'later' this week.
Below 112.44 would risk stronger retracement towards 112.05 but reckon 111.66 should remain intact.
Data out on Wednesday :
France consumer confidence, Swiss ZEW investor sentiment, UK BBA mortgage approvals, CBI distributive trades.
U.S. MBA mortgage application, building permits, new home sales, Fed's interest rate decision, Fed's monetary policy statement.
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