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AceTraderFx Jun 12: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 12 Jun 2019 09:30 GMT
USD/JPY - 108.34
Despite dollar's resumption of upmove from last Wed's near 5-month trough at 107.82 to a 1-week high at 108.80 yesterday, subsequent retreat and intra-day break of 108.34 sup suggests temporary top made and weakness towards 107.90/00 would be seen after consolidation but below 107.82 needed to extend fall towards 107.77/80.
On the upside, only above 108.80 would risk gain towards 109.02, then 109.25 later.
Data to be released on Wednesday :
France non-farm payrolls, and U.S. MBA mortgage application, CPI, real weekly earnings, Federal budget.
AceTrader - Best Intra-day Forex Trading Strategies
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Update Time: 12 Jun 2019 09:30 GMT
USD/JPY - 108.34
Despite dollar's resumption of upmove from last Wed's near 5-month trough at 107.82 to a 1-week high at 108.80 yesterday, subsequent retreat and intra-day break of 108.34 sup suggests temporary top made and weakness towards 107.90/00 would be seen after consolidation but below 107.82 needed to extend fall towards 107.77/80.
On the upside, only above 108.80 would risk gain towards 109.02, then 109.25 later.
Data to be released on Wednesday :
France non-farm payrolls, and U.S. MBA mortgage application, CPI, real weekly earnings, Federal budget.
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