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AceTraderFx Sept 11: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 11 Sept 2019 09:30 GMT
USD/JPY - 107.76
Dollar's resumption of upmove from August's 33-month low at 104.46 to a fresh 5-week high at 107.84 today signals price would head to 108.42 after consolidation before prospect of correction due to loss of upward momentum.
On the downside, only below 107.20/22 would yield weakness towards 106.93.
Data to be released on Wednesday:
Japan business survey index, U.S. MBA mortgage application, PPI final, PPI core, wholesale inventories, wholesale sales and Canada capital utilization.
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: 11 Sept 2019 09:30 GMT
USD/JPY - 107.76
Dollar's resumption of upmove from August's 33-month low at 104.46 to a fresh 5-week high at 107.84 today signals price would head to 108.42 after consolidation before prospect of correction due to loss of upward momentum.
On the downside, only below 107.20/22 would yield weakness towards 106.93.
Data to be released on Wednesday:
Japan business survey index, U.S. MBA mortgage application, PPI final, PPI core, wholesale inventories, wholesale sales and Canada capital utilization.
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