AceTraderFx Oct 31: DAILY MARKET OUTLOOK on Major - USD/JPY

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DAILY MARKET OUTLOOK USD/JPY - 111.30

Update Time: 31 Oct 2014 08:19 GMT

Dollar's intra-day rally above October's peak at 110.09 to a fresh near 7-year high of 111.53 in European morning after BoJ's surprise easing confirms long-term uptrend has resumed and further gain to projected obj. at 111.98 is likely after consolidation, however, o/bot condition should prevent sharp move beyond there today and risk has increased for a much-needed retreat later.

On the downside, only a daily close below 110.09 (previous resistance) would signal a top has been made and yield correction towards 109.47.
 
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acetraderfx

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AceTraderFx Feb 12: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 12 Feb 2016 09:01 GMT

USD/JPY - 112.47
Although dlr's intra-day sideways swings following yesterday's brief but sharp rise from a fresh 15-month bottom at 120.99 to 112.27 (inter-bank high) suggests recent downtrend has made a temporary low there and 1-2 days of choppy consolidation would continue, as long as said 'reaction high' holds, downside bias remains but a daily close below 111.57 needed to bring re-test of 120.99 and later to 110.35.

Only a daily close above 113.27 signals long-overdue correction has occured and bring stronger retracement towards 114.21/26.
 

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AceTraderFx Feb 15: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 15 Feb 2016 09:07 GMT

USD/JPY - 113.82
Although intra-day broad-based rally in Asian stocks (except China) has pushed dollar above Fri's 113.53 high (New York) to 114.10, confirming recent downtrend has indeed formed a temporary low at last Thursday's 15-month trough at 110.99, near term overbought condition would prevent strong gain above 114.21/26 and yield subsequent retreat.

Below 113.17/27 (previous res area, now sup) signals 1st leg of correction is over and brings stronger retracement to 111.59/64 later today or tomorrow.
 

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AceTraderFx Feb 22: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 22 Feb 2016 08:31 GMT

USD/JPY - 112.94
Dollar's intra-day selloff from 113.21 to 112.31 on Friday strongly suggests the first leg of correction from February's 15-month trough at 110.99 has ended at 114.88 last Tuesday and consolidation with downside bias would be seen for weakness towards 112.10/13.
However, near term loss of momentum would keep price above support at 111.66/70.

On the upside, only above 114.51 would indicate aforesaid pullback is over instead and turn outlook bullish for a re-test of said top, break, 115.10/20.

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AceTraderFx Feb 24: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 24 Feb 2016 08:26 GMT

USD/JPY - 112.07
Dollar's selloff to 111.77 yesterday, then intra-day fall below this level strongly suggests the first leg of correction from February's 15-month trough at 110.99 has ended at 114.88 last Tuesday and consolidation with downside bias would be seen for weakness towards 111.30/40, however, near term loss of momentum would keep price above support at 111.10/15.

On the upside, only above 113.05 would indicate aforesaid pullback is over instead and turn outlook bullish for stronger gain towards 113.39, then 113.62.

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AceTraderFx Feb 26: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 26 Feb 2016 08:32 GMT

USD/JPY - 112.86
Despite the greenback's selloff to a fresh 2-week trough at 111.04, subsequent strong rebound suggests further choppy trading above February's low at 110.99 would continue with upside bias and gain towards 113.39/40 is likely to be seen.
However, as broad outlook remains consolidative, reckon resistance at 113.95 should remain intact and bring another fall later today or early tomorrow.

On the downside, only below 111.04 would revive bearishness for a re-test of 110.99, break would confirm recent downtrend has resumed and yield further weakness towards 110.40/50.

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AceTraderFx Feb 29: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 29 Feb 2016 09:08 GMT

USD/JPY - 113.04
Despite the greenback's selloff to a fresh 2-week trough at 111.04, subsequent strong rebound suggests further choppy trading above February's low at 110.99 would continue with upside bias and gain towards 114.30/40 is likely to be seen, however, as broad outlook remains consolidative, reckon resistance at 114.88 should remain intact and bring another fall later today or early tomorrow.

On the downside, only below 111.04 would revive bearishness for a re-test of 110.99, break would confirm recent downtrend has resumed and yield further weakness towards 110.40/50.

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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
 

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AceTraderFx Mar 1: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 01 Mar 201609:19 GMT

USD/JPY - 113.11
Despite the greenback's selloff to a fresh 2-week trough at 111.04, subsequent strong rebound suggests further choppy trading above February's low at 110.99 would continue with upside bias and gain towards 114.30/40 is likely to be seen, however, as broad outlook remains consolidative, reckon resistance at 114.88 should remain intact and bring another fall later today or early tomorrow.

On the downside, only below 111.04 would revive bearishness for a re-test of 110.99, break would confirm recent downtrend has resumed and yield further weakness towards 110.40/50.

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AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
 

acetraderfx

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AceTraderFx Mar 3: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 03 Mar 2016 08:31 GMT

USD/JPY - 113.94
Despite the greenback's selloff to a fresh 2-week trough at 111.04, subsequent strong rebound suggests further choppy trading above February's low at 110.99 would continue with upside bias and marginal gain from here is likely to be seen, however, as broad outlook remains consolidative, reckon resistance at 114.88 should remain intact and bring another fall later today or early tomorrow.

On the downside, only below 111.04 would revive bearishness for a re-test of 110.99, break would confirm recent downtrend has resumed and yield further weakness towards 110.40/50.

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
 

acetraderfx

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AceTraderFx Mar 10: Daily Recommendations on Major -USD/JPY

DAILY MARKET OUTLOOK
Update Time: 10 Mar 2016 09:08GMT

USD/JPY - 113.60
Despite the greenback's rally to 114.56 last Tuesday, subsequent sharp retreat to 113.12 last Friday on poor U.S. wage growth data suggests further choppy trading below February's high at 114.88 would continue with mild downside bias and marginal weakness towards 112.80/90 is likely to be seen.
However, as broad-outlook remains consolidative, reckon price would hold well above support at 112.38 and yield rebound.

On the upside, only above 114.56 would revive bullishness for a re-test of 114.88, break would confirm erratic upmove from 110.99 has once again resumed and extend towards 115.30/40.

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