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AceTraderFx Apr 24: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 24 Apr 2020 09:30GMT
USD/JPY - 107.68
Despite dollar's brief jump from 107.35 to 108.03 in New York yesterday, subsequent retreat suggests further choppy trading inside recent 106.94-108.08 broad range would be seen and below 107.29 would head towards 107.17, however, reckon 106.94 should hold on first testing.
On the upside, only above 108.08 would risk stronger retracement to 108.22 but 105.59/61 should remain intact.
Data to be released later:
UK GfK consumer confidence, retail sales, retail sales ex-fuel, J Germany Ifo business climate, Ifo current conditions, Ifo expectations, Italy manufacturing business confidence, consumer confidence.
U.S. drable goods, durables ex-transportation, durables ex-defense, University of Michigan sentiment, and Canada budget balance.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
Update Time: 24 Apr 2020 09:30GMT
USD/JPY - 107.68
Despite dollar's brief jump from 107.35 to 108.03 in New York yesterday, subsequent retreat suggests further choppy trading inside recent 106.94-108.08 broad range would be seen and below 107.29 would head towards 107.17, however, reckon 106.94 should hold on first testing.
On the upside, only above 108.08 would risk stronger retracement to 108.22 but 105.59/61 should remain intact.
Data to be released later:
UK GfK consumer confidence, retail sales, retail sales ex-fuel, J Germany Ifo business climate, Ifo current conditions, Ifo expectations, Italy manufacturing business confidence, consumer confidence.
U.S. drable goods, durables ex-transportation, durables ex-defense, University of Michigan sentiment, and Canada budget balance.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates