AceTraderFx Jun 18: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 18 Jun 2019 09:30 GMT
USD/JPY - 108.30
Dollar's retreat from Monday's 108.72 high and intra-day fall in Asia due to BoJ Kuroda's comments suggests further choppy trading below last Tuesday's 108.80 high would continue and below 108.17 would bring re-test of Jun's near 5-month bottom of 107.82, but break needed to extend medium term decline from 112.39 (April) towards 107.30 before rebound.
On the upside, only above 108.80 would risk stronger retracement towards 109.02, break, 109.20/25.
Data to be released on Tuesday :
Germany ZEW economic sentiment, current conditions, EU trade balance, HICP, core HICP, ZEW economic sentiment.
U.S. building permits, housing starts, redbook retail sales and Canada manufacturing sales.
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Update Time: 18 Jun 2019 09:30 GMT
USD/JPY - 108.30
Dollar's retreat from Monday's 108.72 high and intra-day fall in Asia due to BoJ Kuroda's comments suggests further choppy trading below last Tuesday's 108.80 high would continue and below 108.17 would bring re-test of Jun's near 5-month bottom of 107.82, but break needed to extend medium term decline from 112.39 (April) towards 107.30 before rebound.
On the upside, only above 108.80 would risk stronger retracement towards 109.02, break, 109.20/25.
Data to be released on Tuesday :
Germany ZEW economic sentiment, current conditions, EU trade balance, HICP, core HICP, ZEW economic sentiment.
U.S. building permits, housing starts, redbook retail sales and Canada manufacturing sales.
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