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AceTraderFx Mar 21: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 21 Mar 2018 09:30 GMT
USD/JPY - 106.30
Dollar's erratic rise from 105.60 (Friday) to 106.61 yesterday suggests further choppy trading above March's 105.25 bottom would continue and upside bias remains for further gain towards 106.90 ahead of FOMC announcement, loss of upward momentum should cap price at 107.29.
On the downside, below 105.60 (dovish Fed) signals said correction from 105.25 is over and risks re-test of this level later.
Ahead of FOMC announcement, U.S. will release current account n existing home sales.
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: 21 Mar 2018 09:30 GMT
USD/JPY - 106.30
Dollar's erratic rise from 105.60 (Friday) to 106.61 yesterday suggests further choppy trading above March's 105.25 bottom would continue and upside bias remains for further gain towards 106.90 ahead of FOMC announcement, loss of upward momentum should cap price at 107.29.
On the downside, below 105.60 (dovish Fed) signals said correction from 105.25 is over and risks re-test of this level later.
Ahead of FOMC announcement, U.S. will release current account n existing home sales.
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