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AceTraderFx Apr 12: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 12 Apr 2019 09:30 GMT
USD/JPY - 111.94
Intra-day cross-inspired break above last Friday's 111.82 high to a 1-month top of 111.95 confirms recent upmove from March's 5-week low of 109.71 has resumed and would yield re-test of March's 112.14 high, where break would extend medium term rise from January's 9-month 104.79 trough towards 112.30/40 but 112.69 may hold.
On the downside, only below 111.57/58 would risk stronger retracement towards 111.28/29.
T.G.I.F., U.S. will release import n export prices and then University of Michigan consumer confidence.
We also have the second day of the 2-day IMF and World Bank meeting where a number of govt. finance officials will be speaking (please refer to our EI section for details).
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Update Time: 12 Apr 2019 09:30 GMT
USD/JPY - 111.94
Intra-day cross-inspired break above last Friday's 111.82 high to a 1-month top of 111.95 confirms recent upmove from March's 5-week low of 109.71 has resumed and would yield re-test of March's 112.14 high, where break would extend medium term rise from January's 9-month 104.79 trough towards 112.30/40 but 112.69 may hold.
On the downside, only below 111.57/58 would risk stronger retracement towards 111.28/29.
T.G.I.F., U.S. will release import n export prices and then University of Michigan consumer confidence.
We also have the second day of the 2-day IMF and World Bank meeting where a number of govt. finance officials will be speaking (please refer to our EI section 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 updates