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

acetraderfx

AceTrader.com Representative
Messages
1,109
AceTraderFx Jun 21: Daily Recommendations on Major –USD/JPY

flag_yen.gif
DAILY MARKET OUTLOOK on Major

Update Time: 21 Jun 2021 09:30GMT

USD/JPY - 109.96
Despite dollar's fall from last Thursday's 10-week peak at 110.82 to 109.72 in Asia today, subsequent rebound in tandem with U.S. yields suggests the pullback has possibly ended and consolidation with upside bias remains for gain to 110.48, above would confirm this view and yield re-test of said resistance, however, loss of momentum may keep price below 2021 peak at 110.96 and yield retreat.

On the downside, only below 109.72 would revive bearishness for stronger retracement of recent upmove to 109.60 but 109.20 should hold.

Data to be released today:
U.K. Rightmove house price and Australia retail sales 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

AceTrader.com Representative
Messages
1,109
AceTraderFx Jun 22: Daily Recommendations on Major –USD/JPY

flag_yen.gif
DAILY MARKET OUTLOOK on Major

Update Time: 22 Jun 2021 09:30GMT

USD/JPY - 110.46
Despite dollar's fall from last Thursday's 10-week peak at 110.82 to 109.72 in Asia today, subsequent rebound in tandem with U.S. yields suggests the pullback has possibly ended and consolidation with upside bias remains for gain to 110.48, above would confirm this view and yield re-test of said resistance, however, loss of momentum may keep price below 2021 peak at 110.96 and yield retreat.

On the downside, only below 109.72 would revive bearishness for stronger retracement of recent upmove to 109.60 but 109.20 should hold.

Data to be released on Tuesday:
Australia Westpac consumer survey.
U.K. PSNB, PSNCR, CBI trends orders, Italy industrial sales.
U.S. redbook, existing home sales, Richmond Fed manufacturing and EU consumer confidence.

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

AceTrader.com Representative
Messages
1,109
AceTraderFx Jun 23: Daily Recommendations on Major –USD/JPY

flag_yen.gif
DAILY MARKET OUTLOOK on Major

Update Time: 23 Jun 2021 09:30GMT

USD/JPY - 110.88
Despite dollar's fall from last Thursday's 10-week peak at 110.82 to 109.72 on Monday, subsequent rally in tandem with U.S. yields and intra-day break above said resistance suggests consolidation with upside bias remains for a re-test of 2021 peak at 110.96, where break would extend Medium Term upmove to 111.20/30 before prospect of a much-needed correction due to loss of momentum.

On the downside, only below 109.72 would revive bearishness for stronger retracement of recent upmove to 109.60 but 109.20 should hold.

Today is PMI day in the US together with a slew of other eco data, please refer to our EI page for details. Also, we have Fed's Bowman n Fed's Bostic scheduled to speak 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

AceTrader.com Representative
Messages
1,109
AceTraderFx Jun 24: Daily Recommendations on Major –USD/JPY

flag_yen.gif
DAILY MARKET OUTLOOK on Major

Update Time: 24 Jun 2021 09:30GMT

USD/JPY - 110.87
Despite dollar's retreat from yesterday's near 15-month peak at 111.10 to 110.67 in New York, subsequent rally in tandem with U.S. yields and intra-day break above said resistance suggests consolidation with upside bias remains for Medium Term upmove to extend to 111.40/50 before prospect of a much-needed correction due to loss of momentum.

On the downside, only below 110.48 would revive bearishness for stronger retracement of recent upmove to 109.72 but 109.20 should hold.

Ahead of Friday's release of Fed's preferred inflation gauge, namely the core personal consumption expenditures price index, the U.S. will release a slew of eco. data which will cause intra-day price swings, please refer to our EI page for details n pay attention to Q1 GDP, durable goods n Q1 PCE prices etc. Following Wed's hawkish comments by Fed's Bowman n Bostic, we have more fed speak by a number of FOMC members, so usd may go up on more hawkish comments by some of them.

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

AceTrader.com Representative
Messages
1,109
AceTraderFx Jun 25: Daily Recommendations on Major –USD/JPY

flag_yen.gif
DAILY MARKET OUTLOOK on Major

Update Time: 25 Jun 2021 09:30GMT

USD/JPY - 110.74
Despite dollar's initial marginal gain to a near 15-month high of 111.11 (Asia), subsequent retreat to 110.70 on cross unwinding in yen suggests medium-term uptrend has made a temporary top and range trading is seen ahead of U.S. PCE data, above 111.11 would extend marginal gain, however, loss of momentum should cap price below daily res at 111.71.

A daily close below 110.67 would risk stronger retracement towards 110.22 but this week's low at 109.72 (Mon) should remain intact.

T.G.I.F., U.S. will release a raft of eco. data which which definitely cause intra-day price swings n in addition, we have a total of 4 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

AceTrader.com Representative
Messages
1,109
AceTraderFx Jun 28: Daily Recommendations on Major –USD/JPY

flag_yen.gif
DAILY MARKET OUTLOOK on Major

Update Time: 28 Jun 2021 09:30GMT

USD/JPY - 110.74
Although dollar's fall from last Thursday's near 15-month peak at 111.11 to 110.49 Friday suggests medium term upmove has made a temporary top, subsequent strong rebound to 110.87, then intra-day sideways swings would bring consolidation before prospect of another rise, above 111.11 would extend to 111.47, however, loss of momentum should cap price below 111.71.

On the downside, only below 110.49 risks weakness to 110.22, then possibly 110.03/08.

G7 economic data to be released later today:
U.S. Dallas Fed manufacturing business 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

AceTrader.com Representative
Messages
1,109
AceTraderFx Jun 29: Daily Recommendations on Major –USD/JPY

flag_yen.gif
DAILY MARKET OUTLOOK on Major

Update Time: 29 Jun 2021 09:30GMT

USD/JPY - 110.72
Although dollar's fall from last Thursday's near 15-month peak at 111.11 to 110.49 Friday, then 110.46 today suggests medium term upmove has made a temporary top, subsequent strong rebound to 110.87, then intra-day sideways swings would bring consolidation before prospect of another rise, above111.11 would extend to 111.47, however, loss of momentum should cap price below 111.71.

On the downside, only below 110.49 risks weakness to 110.22, then possibly 110.03/08.

U.S. will release a slew of eco. data (please refer to our EI page for details) n we have Richmond Fed Barkin is scheduled to speak at 13:00GMT.

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

AceTrader.com Representative
Messages
1,109
AceTraderFx Jun 30: Daily Recommendations on Major –USD/JPY

flag_yen.gif
DAILY MARKET OUTLOOK on Major

Update Time: 30 Jun 2021 09:30GMT

USD/JPY - 110.50
Although dollar's fall from last Thursday's near 15-month peak at 111.11 to 110.49 Friday, then 110.46 today suggests medium term upmove has made a temporary top, subsequent strong rebound to 110.87, then intra-day sideways swings would bring consolidation before prospect of another rise, above 111.11 would extend to 111.47, however, loss of momentum should cap price below 111.71.

On the downside, only below 110.49 risks weakness to 110.22, then possibly 110.03/08.

U.S. will release a slew of eco. data, please refer to our EI page for details and pay attention to ADP private payrolls ahead of Friday's key jobs report, a higher-than-expected number (forecast is 600k) will lead to renewed usd buying. we also have fed's Bostic and Barkin scheduled to speak later today.

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

AceTrader.com Representative
Messages
1,109
AceTraderFx July 02: Daily Recommendations on Major –USD/JPY

flag_yen.gif
DAILY MARKET OUTLOOK on Major

Update Time: 02 July 2021 09:30GMT

USD/JPY - 111.48
The greenback's rise above June's near 15-month peak at 111.11 on cross-selling in jpy to 111.65 in Asia today suggests Medium Term upmove has once again resumed and consolidation with upside bias remains for gain to 111.60/70, however, loss of momentum would keep price below 111.80/90 and yield a much-needed correction early next week.

On the downside, only below 110.75 would indicate a temporary top has been made and risk stronger retracement to 110.43 but 109.95/00 should remain intact.

T.G.I.F., market waits U.S. June non-farm payrolls and unemployment, we also have a slew of other eco. data but these will be largely overlooked by traders, 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

AceTrader.com Representative
Messages
1,109
AceTraderFx July 05: Daily Recommendations on Major –USD/JPY

flag_yen.gif
DAILY MARKET OUTLOOK on Major

Update Time: 05 July 2021 09:30GMT

USD/JPY - 110.85
Despite the greenback's rise to a fresh 15-month peak at 111.65 in Asia on Friday, subsequent selloff to 110.96 in hectic post-NFP trading on the back of soft U.S. unemployment data suggests recent upmove has made a temporary top there and intra-day break below aforesaid support would encourage stronger retracement to 110.40/43, however, support at 110.22 should contain downside and yield rebound later this week.

On the upside, only above 111.40/50 would indicate said pullback has ended instead and risk re-test of 111.65, break would extend to 111.90/00 later.

As today is Independence Day in the U.S., there is no release of U.S. eco. data. BOJ Gov. Kuroda will deliver a brief speech at the bank's quarterly regional branch managers' meeting.

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
 
Top