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

Discussion in 'Market Predictions and Reports' started by acetraderfx, Oct 31, 2014.

  1. acetraderfx

    acetraderfx AceTrader.com Representative

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    AceTraderFx Apr 11: Daily Recommendations on Major -USD/JPY

    [​IMG] DAILY MARKET OUTLOOK
    Update Time: 11 Apr 2016 09:14 GMT

    USD/JPY - 108.16
    Despite dollar's selloff to a fresh 17-month trough at 107.63 in Asian morning today, subsequent rebound in European morning suggests MT downtrend has made a temporary low there and consolidation would be seen, however, reckon 109.10 would cap upside and yield another selloff later this week.
    On the downside, below 107.63 yield further weakness towards 107.20/30 before correction occurs due to loss of momentum.

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  2. acetraderfx

    acetraderfx AceTrader.com Representative

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


    [​IMG] DAILY MARKET OUTLOOK
    Update Time: 12 Apr 201608:23 GMT

    USD/JPY - 108.18
    Despite dollar's selloff to a fresh 17-month trough at 107.63 in Asian session on Monday, subsequent intra-day rebound to 108.44 in New York morning suggests MT downtrend has possibly made a temporary bottom there and a few days of choppy sideways trading would be seen.
    However, as long as resistance at 109.10 holds, bearishness remains for another selloff later this week.

    On the downside, below 107.63 would yield further weakness towards 107.20/30 before correction occurs due to loss of momentum.

    AceTrader - Best Intra-day Forex Trading Strategies
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  3. acetraderfx

    acetraderfx AceTrader.com Representative

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    AceTraderFx Apr 14: Daily Recommendations on Major -USD/JPY

    [​IMG] DAILY MARKET OUTLOOK
    Update Time: 14 Apr 2016 08:18 GMT

    USD/JPY - 109.20
    Dollar's rally from Monday's fresh 17-month trough at 107.63 to as high as 109.41 in yesterday New York, then 109.55 in today's Asian morning signals MT downtrend has made a temporary bottom there and as long as 108.75/79 holds, stronger retracement towards 109.60/70 would be seen, however, 'loss of momentum' should cap price below 109.92 (previous support, now resistance) and yield another fall later.

    On the downside, only a daily close below 108.44 would indicate correction over and yield weakness to 108.12, break would bring re-test of 107.63.

    AceTrader - Best Intra-day Forex Trading Strategies
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  4. acetraderfx

    acetraderfx AceTrader.com Representative

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    AceTraderFx Apr 21: Daily Recommendations on Major -USD/JPY

    [​IMG] DAILY MARKET OUTLOOK
    Update Time: 21 Apr 2016 09:06 GMT

    USD/JPY - 109.75
    Yesterday's rally above last week's 109.74 high after mildly upbeat U.S. data and then intra-day gain to 109.90 in Asia suggests dollar's corrective rise from last Mon's fresh 17-month trough at 107.63 would yield marginal gain to 110.15/25 after consolidation, however, loss of momentum should prevent strong gain today and reckon 110.67 (Mar's low, now res) should remain intact and bring subsequent strong retreat.
    On the downside, a daily close below 109.49 would be the 1st signal aforesaid upmove has made a temporary top and risk stronger retracement to 109.12/15, then towards 108.77.

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  5. acetraderfx

    acetraderfx AceTrader.com Representative

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

    [​IMG] DAILY MARKET OUTLOOK
    Update Time: 22 Apr 2016 09:02 GMT

    USD/JPY - 110.57
    Dollar's intra-day rally above yesterday's high of 109.90 on market chatter BoJ is mulling negative-rate loans signals rise from last Monday's fresh 17-month trough at 107.63 to retrace Medium Term downtrend has resumed and further gain towards 111.10/20 is seen after consolidation.
    However, near term overbought condition should limit upside to 111.40/50 today and risk a minor correction later.

    On the downside, only a daily close below 109.90 would indicate aforesaid upmove has made a temporary top and risk stronger retracement to 109.26, then towards 108.77.

    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
     
  6. acetraderfx

    acetraderfx AceTrader.com Representative

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    AceTraderFx Apr 25: Daily Recommendations on Major -USD/JPY

    [​IMG] DAILY MARKET OUTLOOK
    Update Time: 25 Apr 2016 09:13 GMT

    USD/JPY - 111.14
    Although dollar has extended erratic upmove from April's 17-month trough at 107.63 to 111.91 ahead of Asian open, subsequent intra-day cross-inspired retreat to 111.03 in Asia suggests a temporary top has been made and choppy consolidation would be seen, however, reckon 110.74 (previous resistance, now support) would hold and yield rebound later.

    On the upside, above 111.91 would bring resumption of aforesaid rise to retrace Medium Term downtrend to 112.10/20 and then 112.50/60 later.
    Only a daily close below 110.74 aborts and risks correction towards 110.28.

    AceTrader - Best Intra-day Forex Trading Strategies
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  7. acetraderfx

    acetraderfx AceTrader.com Representative

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    AceTraderFx Apr 27: Daily Recommendations on Major -USD/JPY

    [​IMG] DAILY MARKET OUTLOOK
    Update Time: 27 Apr 2016 09:13 GMT

    USD/JPY - 111.18
    Although dollar has extended erratic upmove from April's 17-month trough at 107.63 to a fresh 3-week peak of 111.91 on Monday, subsequent cross-inspired retreat to 110.67 yesterday suggests choppy trading would be seen ahead of FOMC rate decision and statement later today.
    Above 111.91 would signal said move to retrace Medium Term downtrend has resumed and extend gain towards 112.50/60 later.

    On the downside, only a daily close below 110.67 would abort and risks correction towards 110.28.

    AceTrader - Best Intra-day Forex Trading Strategies
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  8. acetraderfx

    acetraderfx AceTrader.com Representative

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    AceTraderFx Apr 28: Daily Recommendations on Major -USD/JPY

    [​IMG] DAILY MARKET OUTLOOK
    Update Time: 28 Apr 201609:03 GMT


    USD/JPY - 108.33
    Dollar's intra-day more than 3 percent decline from Asian high of 111.88 to as low as 108.06 in European after unchanged BoJ's rate decision confirms correction from April's 17-month trough at 107.63 has ended on Monday at 111.91 and consolidation with downside bias would be seen.
    However, break of said sup is needed to confirm Medium Term downtrend has resumed and extend weakness towards 106.90/00 later.

    On the upside, only a daily close above 109.40/50 would indicate further choppy sideways would continue and yield gain towards 109.90/00 before retreat occurs.

    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
     
  9. acetraderfx

    acetraderfx AceTrader.com Representative

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

    [​IMG] DAILY MARKET OUTLOOK
    Update Time: 3 May 2016 09:03 GMT

    USD/JPY - 105.56
    As the greenback has continued to ratchet lower after intra-day breach of yesterday's fresh 18-month trough at 106.14, suggesting recent decline remains in progress and downside bias would be seen for weakness towards 105.10/20.
    However, loss of momentum would prevent steep fall below there and reckon support at 104.88 would remain intact and yield a much-needed correction later.

    On the upside, only above resistance at 106.82 would indicate a temporary low has been made and turn outlook bullish for a stronger retracement towards 107.88/92.

    AceTrader - Best Intra-day Forex Trading Strategies
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  10. acetraderfx

    acetraderfx AceTrader.com Representative

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    AceTraderFx May 6: Daily Recommendations on Major -USD/JPY

    [​IMG] DAILY MARKET OUTLOOK
    Update Time: 06 May 2016 09:29 GMT

    USD/JPY - 106.95
    Despite Tuesday's resumption of recent downtrend to a fresh 18-month trough at 105.55 in European session, subsequent strong rebound and brief spike up to 107.47 in Australia today suggests a temporary bottom has been made and consolidation with upside bias would be seen for gain towards 107.90/00.
    However, resistance at 108.73 would remain intact and bring another fall later.

    On the downside, only below 106.13 would confirm aforesaid recovery has ended and turn outlook bearish for a re-test of 105.55, break would extend Medium Term downtrend to 105.05/10.

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