AceTraderFx Jun 14: Daily Recommendations on Major - USD/JPY
DAILY MARKET OUTLOOK on Major USD/JPY
14 Jun 2016 08:37GMT
DAILY USD/JPY OUTLOOK .....106.03
Dlr's resumption of recent fall from 111.45 (May) to 105.74 yesterday suggests re-test of May's 18-month trough at 105.55 would be seen and despite subsequent strong bounce to 106.58 in New York, intra-day retreat has retained bearishness, below 105.55, 105.35, 104.75.
Exit short and sell again for 105.60. Only above 106.58 prolongs choppy trading, risks gain to 107.00.
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14 Jun 2016 08:37GMT
DAILY USD/JPY OUTLOOK .....106.03
Dlr's resumption of recent fall from 111.45 (May) to 105.74 yesterday suggests re-test of May's 18-month trough at 105.55 would be seen and despite subsequent strong bounce to 106.58 in New York, intra-day retreat has retained bearishness, below 105.55, 105.35, 104.75.
Exit short and sell again for 105.60. Only above 106.58 prolongs choppy trading, risks gain to 107.00.
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