acetraderfx
AceTrader.com Representative
- Messages
- 1,109
AceTraderFx Nov 13: Daily Recommendations on Major – USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 13 Nov 2020 09:30GMT
USD/JPY - 105.00
Although dollar's retreat after Wednesday's brief break above Monday's 105.64 high to a 3-week top at 105.67 suggests upmove from last Friday's 7-1/2 month 103.18 bottom has made a temporary top, as long as 104.70/74 holds, consolidation with upside bias remains for gain to 105.75/85 but 106.10 (October) should hold on first testing.
On the downside, only below 104.70/74 risks stronger retracement to 104.42/47 before another bounce.
Economic data to be released on Friday :
New Zealand manufacturing PMI, food price index.
Swiss producer and import price index, France CPI (EU norm), CPI, EU employment change, trade balance, GDP.
U.S. PPI, core PPI, University of Michigan sentiment on Friday.
Update Time: 13 Nov 2020 09:30GMT
USD/JPY - 105.00
Although dollar's retreat after Wednesday's brief break above Monday's 105.64 high to a 3-week top at 105.67 suggests upmove from last Friday's 7-1/2 month 103.18 bottom has made a temporary top, as long as 104.70/74 holds, consolidation with upside bias remains for gain to 105.75/85 but 106.10 (October) should hold on first testing.
On the downside, only below 104.70/74 risks stronger retracement to 104.42/47 before another bounce.
Economic data to be released on Friday :
New Zealand manufacturing PMI, food price index.
Swiss producer and import price index, France CPI (EU norm), CPI, EU employment change, trade balance, GDP.
U.S. PPI, core PPI, University of Michigan sentiment on Friday.