acetraderfx
AceTrader.com Representative
- Messages
- 1,109
AceTraderFx Aug 27: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 27 Aug 2019 09:30 GMT
USD/JPY - 105.66
Yesterday's rally from a 33-month trough at 104.46 to 106.41 (New York) suggests medium term decline has made a temporary bottom there, subsequent retreat signals first leg of correction has ended and mild downside bias would be seen before prospect of another rise later.
Only above 106.41 would extend said upmove to 106.73/78 but 106.97 should remain intact and yield retreat.
Data to be released on Tuesday:
Germany GDP, France business climate, consumer confidence, UK BBA mortgage approvals, U.S. redbook, monthly home price, CS home price, consumer confidence and Richmond Fed manufacturing.
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: 27 Aug 2019 09:30 GMT
USD/JPY - 105.66
Yesterday's rally from a 33-month trough at 104.46 to 106.41 (New York) suggests medium term decline has made a temporary bottom there, subsequent retreat signals first leg of correction has ended and mild downside bias would be seen before prospect of another rise later.
Only above 106.41 would extend said upmove to 106.73/78 but 106.97 should remain intact and yield retreat.
Data to be released on Tuesday:
Germany GDP, France business climate, consumer confidence, UK BBA mortgage approvals, U.S. redbook, monthly home price, CS home price, consumer confidence and Richmond Fed manufacturing.
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