acetraderfx
AceTrader.com Representative
- Messages
- 1,109
AceTraderFx x Dec 13: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 13 Dec 2018 09:30 GMT
USD/JPY - 113.43
Despite the greenback's retreat from 113.52 to 113.15 yesterday, subsequent rebound suggests consolidation with upside bias remains for upmove from last Thursday's 1-month trough at 112.24 to resume and yield re-test of said resistance, break would extend towards 113.85.
However, loss of momentum would keep price below daily resistance at 114.21 and yield correction early next week.
On the downside, only below 113.01 would indicate aforesaid rise has made a temporary top there and risk would increase for a stronger retracement towards 112.90/92.
U.S. eco. calendar is pretty light with second-tier initial jobless claims and export n import prices being the only data due out today.
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: 13 Dec 2018 09:30 GMT
USD/JPY - 113.43
Despite the greenback's retreat from 113.52 to 113.15 yesterday, subsequent rebound suggests consolidation with upside bias remains for upmove from last Thursday's 1-month trough at 112.24 to resume and yield re-test of said resistance, break would extend towards 113.85.
However, loss of momentum would keep price below daily resistance at 114.21 and yield correction early next week.
On the downside, only below 113.01 would indicate aforesaid rise has made a temporary top there and risk would increase for a stronger retracement towards 112.90/92.
U.S. eco. calendar is pretty light with second-tier initial jobless claims and export n import prices being the only data due out today.
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