AceTraderFx: DAILY MARKET OUTLOOK on Major - USD/JPY

[acetraderfx]

AceTraderFx Sept 27: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 27 Sept 2021 09:30GMT

USD/JPY - 110.80
Dollar's intra-day cross-inspired break of previous September's 110.44 high suggests re-test of August's 110.79 top would be seen after consolidation, above there would encourage for further headway towards 111.11 early next week before retreat due to overbought condition.

Only below 110.07 (prev. res, now sup) signals temporary top is made, then risk would shift to downside for stronger retracement to 109.70.

Data to be released today:
France producer prices, Italy trade balance non-EU.
U.S. durable goods, durables ex-transport, durables ex-defense and Dallas Fed manufacturing index on Monday.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

 

[acetraderfx]

AceTraderFx Sept 28: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 28 Sept 2021 09:30GMT

USD/JPY - 111.30
Dollar's intra-day cross-inspired break of previous Sep's 110.44 high suggests re-test of Aug's 110.79 top would be seen after consolidation, above there would encourage for further headway towards 111.11 early next week before retreat due to overbought condition.

Only below 110.07 (prev. res, now sup) signals temporary top is made, then risk would shift to downside for stronger retracement to 109.70.

U.S. will later release consumer confidence n Richmond Fed mfg index. Pay attention to testimony of Fed chief J.Powell when he starts his 2-day appearance before the Senate.
As reported earlier, in remarks to be delivered Tuesday, cautioned Washington legislators that the causes of the recent rise in inflation may last longer than anticipated. We also have other Fed officials scheduled to speak in New York session (please refer to EI page for details).

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

 

[acetraderfx]

AceTraderFx Sept 29: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 29 Sept 2021 09:30GMT

USD/JPY - 111.23
Although dollar's retreat from intra-day 1-1/2 year peak at 111.68 suggests recent uptrend has made a temporary top and consolidation is in store, as long as 111.06 holds, gain to 111.90/00 is likely but loss of momentum would cap price below 112.22.

Only a daily close below 111.06 risks stronger retracement towards 110.79 before prospect of rebound tomorrow.

U.S. will release second-tier eco. data MBA mortgage applications n pending home sales. Fed Chair will appear before the U.S. Senate on his second day of 2-day testimony on Capital Hill, we also have a number of Fed officials scheduled to speak in New York session, please refer to our EI page for details

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

 

[acetraderfx]

AceTraderFx Sept 30: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 30 Sept 2021 09:30GMT

USD/JPY - 111.86
Although dollar's retreat from intra-day 1-1/2 year peak at 112.05 suggests recent uptrend has made a temporary top and consolidation is in store, as long as 111.22 holds, daily bullishness remains for Medium Term upmove to resume and head towards 112.50/55, loss of momentum would cap price below 112.70/80 and yield a much-needed correction early next week.

Only a daily close below 111.06 risks stronger retracement towards 110.79 before prospect of rebound tomorrow.

Data to be released on Thursday:
New Zealand building permits, NBNZ business outlook, NBNZ own activity, Japan industrial output, retail sales, construction orders, housing starts, China NBS manufacturing PMI, Caixin manufacturing PMI, Australia building permits.
Germany import prices, France consumer spending, CPI, producer prices, Swiss KOF indicator, Germany unemployment change, unemployment rate, CPI, Italy unemployment rate, CPI, U.K. GDP, current account, EU unemployment rate.
U.S. GDP, PCE prices, initial jobless claims, continuing jobless claims and Chicago PMI.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

 

[acetraderfx]

AceTraderFx Oct 05: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 05 Oct 2021 09:30GMT

USD/JPY - 111.19
Despite the greenback's fall from last Thursday's fresh 19-month peak at 112.07 to 110.88 in New Zealand today, subsequent strong rebound in tandem with U.S. yields and cross-selling in jpy suggests the first leg of correction has possibly ended and consolidation with upside bias is seen for gain towards 111.48, reckon 111.70/80 would remain intact and yield retreat later this week.

On the downside, only below 110.88 would revive bearishness for stronger retracement of Medium Term uptrend towards 110.79, then 110.54 before prospect of a rebound.

Data to be released today :
China Market Holiday.
Swiss CPI, retail sales, EU Sentix index.
Canada building permits, U.S. durables ex-defense, durable goods, factory orders and durables ex-transport on Monday.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

 

[acetraderfx]

AceTraderFx Oct 05: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 05 Oct2021 09:30GMT

USD/JPY - 111.12
Despite the greenback's fall from last Thursday's fresh 19-month peak at 112.07 to 110.83 in New York yesterday, subsequent strong rebound in tandem with U.S. yields and cross-selling in jpy suggests the first leg of correction has possibly ended and consolidation with upside bias is seen for gain towards 111.48, reckon 111.70/80 would remain intact and yield retreat later this week.

On the downside, only below 110.88 would revive bearishness for stronger retracement of Medium Term uptrend towards 110.79, then 110.54 before prospect of a rebound.

U.S. will later release a slew of eco. data, please refer to our EI page for details and pay attention to Markit services PMI n ISM non-mfg index.
Richmond Fed President Barkin and Fed's Quarles will be speaking in New York session.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

 

[acetraderfx]

AceTraderFx Oct 06: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 06 Oct2021 09:30GMT

USD/JPY - 111.57
Despite the greenback's fall from last Thursday's fresh 19-month peak at 112.07 to 110.83 in New York on Monday, subsequent strong rebound in tandem with U.S. yields and cross-selling in jpy suggests the first leg of correction has possibly ended and consolidation with upside bias is seen for gain towards 111.81, reckon 111.95/00 would remain intact and yield retreat later this week.

On the downside, only below 110.88 would revive bearishness for stronger retracement of Medium Term uptrend towards 110.79, then 110.54 before prospect of a rebound.

On the data front, U.S. will release MBA mortgage applications n then ADP private employment change, a stronger-than-expected read will push the greenback higher. We also have Atlanta Fed President Bostic (voter) speaking at 13:00GMT and then 15:30GMT.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

 

[acetraderfx]

AceTraderFx Oct 08: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 08 Oct 2021 09:30GMT

USD/JPY - 111.95
Despite the greenback's fall from last Thursday's fresh 19-month peak at 112.07 to 110.83 in New York on Monday, subsequent strong rebound in tandem with U.S. yields and cross-selling in jpy to 111.99 today confirms the correction has ended and consolidation with upside bias is seen for a re-test of aforesaid resistance, break would extend Medium Term upmove towards 112.50/60 before prospect of retreat.

On the downside, only below 111.21 would revive bearishness for stronger retracement of Medium Term uptrend towards 110.79, then 110.54 before prospect of a rebound.

Data to be released on Friday:
Japan all household spending, current account, trade balance, Eco watchers outlook, Eco watchers current, China caixin services PMI.
Germany exports, imports, trade balance, current account.
U.S. Non-Farm payrolls, private payrolls, unemployment rate, average earnings, wholesale inventories, wholesale sales, Canada employment change, unemployment rate and housing starts.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

 

[acetraderfx]

AceTraderFx Oct 11: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 11 Oct2021 09:30GMT

USD/JPY - 112.89
Dollar's intra-day impressive rally above Friday's post-NFP New York high at 112.25 to a 2-1/2 year peak at 112.84 on active cross-selling in yen suggests price would head to 113.25/35, overbought condition should cap dollar below 113.50.

Only a daily close below 112.25 (now sup) signals temporary top is in place and may risk stronger retracement to 112.90/00.

Data to be released today:
Japan machine tool orders.
U.K. NIESR GDP estimate, Italy industrial output.
U.S. Market Holiday and Canada Market Holiday on Monday.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update

 

[acetraderfx]

AceTraderFx Oct 12: Daily Recommendations on Major –USD/JPY

DAILY MARKET OUTLOOK on Major
Update Time: 12 Oct 2021 09:15GMT

USD/JPY - 113.36
The greenback's rise to a fresh 2-1/2 year peak at 113.49 in Asian morning due partly to active cross-selling in jpy suggests Medium Term upmove remains in progress and further gain towards 113.78/80 would be seen after consolidation, however, overbought condition would keep price below 114.00/10 and yield a much-needed correction later this week.

On the downside, only below 112.72 would indicate a temporary top has been made and risk stronger retracement towards 112.10/20.

On the data front, U.S. will release second-tier JOLTS job openings. We have Fed's Clarida (voter) n Atlanta Fed President Bostic (voter) scheduled to speak at 15:15GMT n 16:30GMT respectively.

AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time update