acetraderfx
AceTrader.com Representative
- Messages
- 1,109
AceTraderFx Mar 15: Daily Recommendations on Major - USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 15 Mar 2019 09:30 GMT
USD/JPY - 111.68
Although dollar's intra-day retreat from 111.90 to 111.49 in Asia due to active safe-haven buying in jpy on renewed U.S./North Korea tension signals recent rise from last Friday's 110.79 low has made a temporary top, subsequent rebound has retained bullishness and above 111.90/92 would bring re-test of Mar's 10-week high of 112.14.
On the downside, only below 111.47 would indicate recovery has ended instead, risk weakness towards 111.01.
There is a slew of US data to be released today but one should be particular attention to the release of University of Michigan Consumer Sentiment at 14:00GMT.
Street forecast is for an increase to 95.3 from previous reading of 93.8.
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 updates
Update Time: 15 Mar 2019 09:30 GMT
USD/JPY - 111.68
Although dollar's intra-day retreat from 111.90 to 111.49 in Asia due to active safe-haven buying in jpy on renewed U.S./North Korea tension signals recent rise from last Friday's 110.79 low has made a temporary top, subsequent rebound has retained bullishness and above 111.90/92 would bring re-test of Mar's 10-week high of 112.14.
On the downside, only below 111.47 would indicate recovery has ended instead, risk weakness towards 111.01.
There is a slew of US data to be released today but one should be particular attention to the release of University of Michigan Consumer Sentiment at 14:00GMT.
Street forecast is for an increase to 95.3 from previous reading of 93.8.
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 updates