AceTraderFx: DAILY MARKET OUTLOOK on Major - USD/JPY

AceTraderFx Jan 23: Daily Recommendations on Major -USD/JPY

attachment.php
DAILY MARKET OUTLOOK on Major
Update Time: 23 Jan 2019 09:30 GMT

USD/JPY - 109.58
Dollar's rally from Tuesday's low at 109.15 to 109.80 in Asia today due to cross-selling in yen suggests pullback from last Friday's 2-1/2 week high at 109.88 has ended and recent upmove from January's 9-month trough of 104.79 would extend to 110.00/10 after consolidation.

On the downside, only below 109.33 would indicate temporary top made, risks re-test of 109.15, break, 109.07, then 108.70/80.

Data to be released later on Wednesday :
France business climate, Italy producer prices, UK CBI trends survey, EU consumer confidence.
Canada retail sales, and U.S. redbook, monthly home price, Richmond Fed manufacturing index, building permits, wholesale inventories, retail sales, housing starts, business inventories, new home sales, durable goods, durables ex-defence, durables ex-transport, factory orders, wholesale inventories, wholesale sales.

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 Jan 24: Daily Recommendations on Major -USD/JPY

attachment.php
DAILY MARKET OUTLOOK on Major

Update Time: 24 Jan 2019 09:30 GMT

USD/JPY - 109.65
Although the greenback has retreated after yesterday's rise above last Friday's high at 109.88 to 110.00 and minor consolidation is expected for 1-2 days, as this move signals erratic rise from January's 9-month trough at 104.79 has resumed, upside bias is retained and above 110.00 would bring stronger retracement of Medium Term decline towards 110.38/40.

On the downside, only below 109.15 would indicate a temporary top has been made and risk stronger correction towards 108.69 before prospect of rebound.

Data to be released later on Thursday :
France Markit manufacturing PMI, Markit services PMI, Germany Markit manufacturing PMI, Markit services PMI, Italy trade balance, EU Markit manufacturing PMI, Markit services PMI, ECB interest rate decision, ECB deposit rate decision.
U.S. initial jobless claims, Markit manufacturing PMI, Markit services PMI, leading indicator.

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 Jan 28: Daily Recommendations on Major -USD/JPY

attachment.php
DAILY MARKET OUTLOOK on Major

Update Time: 28 Jan 2019 09:30 GMT

USD/JPY - 109.43
Dollar's intra-day fall subsequent break of previous sup at 109.40 sup to 109.27 at Asian open on active cross-buying in yen suggests recent upmove from January's 9-month trough of 104.79 has made a temporary top at last Wednesday's 3-week high of 110.00, subsequent rebound would yield consolidation before prospect of another fall to 108.60 but loss of momentum should keep price above 108.34/37.

On the upside, only above 110.00 would risk gain towards 110.30/34 but 110.46/48 may hold.

U.S. economic calendar is pretty light with Chicago Fed National Activity index and Dallas Fed mfg business index being the only data due out in New York morning but traders may react to these data if actual readings are weaker then forecast.

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 Jan 29: Daily Recommendations on Major -USD/JPY

attachment.php
DAILY MARKET OUTLOOK on Major
Update Time: Jan 29, 2019 09:30 GMT

USD/JPY - 109.25
The greenback's fall to 109.17 yesterday and then lower to 109.13 in Asia today suggests decline from last week's peak at 110.00 to retrace upmove from January's 9-month trough at 104.79 has resumed and consolidation with downside bias remains for further weakness towards 108.69, however, over sold condition should keep price well above support at 108.34 and yield a much-needed correction later.

On the upside, only above 109.56/59 would indicate a temporary low has been made and risk stronger gain towards 109.80 but aforesaid top at 110.00 should remain intact.

Today is the start of the 2-day FOMC meeting, on the U.S. data front, we have Redbook sales, CaseShiller home price n consumer confidence.

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 Jan 30: Daily Recommendations on Major -USD/JPY

attachment.php
DAILY MARKET OUTLOOK on Major

Update Time: Jan 30, 2019 09:30 GMT

USD/JPY - 109.32
Although dollar has rebounded after yesterday's fall to 109.13, as 109.54 (New York) has capped recovery, consolidation with downside bias remains for recent decline from last Wednesday's 3-week high of 110.00 to resume and extend to 108.60/70 but loss of momentum should keep price above 108.34/37.

On the upside, only above 109.59 would indicate pullback has ended instead, risk gain to 109.90/95.

The euro area countries will release a slew of eco. data starting with France's Q4 GDP, Germany's Gfk consumer confidence, import and export price, France's consumer spending, Italy's bus. n consumer confidence, then EU's bus climate, eco. sentiment. industrial, services n consumer sentiment and lastly, Germany inflation data.

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 Jan 31: Daily Recommendations on Major -US/JPY

attachment.php
DAILY MARKET OUTLOOK on Major

Update Time: 31 Jan 2019 09:30 GMT

USD/JPY - 108.68
Yesterday's selloff from 109.74 to a 12-day low at 108.82 in New York after dovish FOMC statement, then intra-day break of said sup suggests recent decline from last Wednesday's 3-week high at 110.00 remains in force and further weakness towards 108.30/40 would be seen but loss of momentum should keep price above 107.99 today.

On the upside, only above 109.07/13 would risk gain towards 109.50/54.

The U.S. will release a slew of eco. data starting with weekly jobless claims, personal spending n income, core PCE, PCE n then Chicago PMI.

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 Feb 01: Daily Recommendations on Major -USD/JPY

flag_yen.gif
DAILY MARKET OUTLOOK on Major
Update Time: 01 Feb 2019 09:30 GMT

USD/JPY - 108.92
Although the greenback has staged a rebound after yesterday's resumption of decline from last week's peak at 110.00 to 108.50 and minor consolidation would be seen, as this move confirms the upmove from January's 9-month trough at 104.79 has made a temporary top there, downside is retained and below 108.50 would extend marginally. However, 107.99 should hold ahead of today's U.S. jobs report release and yield correction.

On the upside, only above 109.54/59 would indicate a temporary low has been made instead and risk stronger retracement towards 109.74.

Data to be released later Friday:
Swiss consumer confidence, retail sales, CPI, manufacturing PMI, France budget balance, Markit manufacturing PMI, Italy Markit manufacturing PMI, Germany Markit manufacturing PMI, EU Markit manufacturing PMI, HICP, UK Markit manufacturing PMI.
Canada Markit manufacturing PMI, and U.S. non-farm payrolls, private payrolls, unemployment rate, average earnings, Markit manufacturing PMI, ISM manufacturing PMI, University of Michigan sentiment.

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 Feb 04: Daily Recommendations on Major -USD/JPY

attachment.php
DAILY MARKET OUTLOOK on Major
Update Time: 04 Feb 2019 09:30 GMT

USD/JPY - 109.87
The greenback's rise above Friday's high at 109.57 on broad-based selling in yen confirms correction from last Wednesday's peak at 110.00 has ended at 108.50 on Friday and re-test of aforesaid resistance is forthcoming, break would extend upmove from January's 9-month trough at 104.79 towards 110.48/50 before prospect of a much-needed correction later.

On the downside, only below 109.13 would indicate a temporary top has been made and risk stronger retracement towards 108.50 before rebound occurs.

Following Friday's blockbuster U.S. jobs data, we have ISM New York index and factory orders later 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
 
AceTraderFx Feb 08: Daily Recommendations on Major -USD/JPY

attachment.php
DAILY MARKET OUTLOOK on Major
Update Time: 08 Feb 2019 09:30 GMT

USD/JPY - 109.75
Dollar's sideways swings after Monday's rally to a 1-month high at 110.16 are expected to continue and as long as 109.43 sup holds, another rise would be seen, above said res would extend upmove from January's 9-month trough of 104.79 to 110.48 but loss of momentum should cap price below 110.82.

On the downside, only below 109.43 would risk stronger retracement towards 109.07/13, then possibly 108.73/78.

Data to be released later:
Swiss unemployment rate,Germany exports, imports, trade balance, current account, France industrial output, non-farm payrolls, Italy industrial output.
Canada employment change, unemployment rate.

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 Feb 11: Daily Recommendations on Major -USD/JPY

attachment.php
DAILY MARKET OUTLOOK on Major
Update Time: 11 Feb 2019 09:30 GMT

USD/JPY - 110.01
Despite dollar's sideways swings following retreat from last Monday's 1-month high at 110.16 to 109.56 Wednesday, intra-day rise to 110.02 (Asia) suggests upmove from January's 9-month trough of 104.79 would resume and head towards 110.48 but loss of momentum should cap price below 110.85/90.

On the downside, only below 109.56 would indicate temporary top made and risk stronger retracement towards 109.09/13.

Data out today:
Japan market holiday, Swiss CPI, UK GDP, industrial output, manufacturing, construction output, trade balance, NIESR GDP estimate, and Canada trade balance, exports, imports on Monday.

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
 
Back
Top