AceTraderFx Mar 27: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 27 Mar 2019 09:30 GMT
USD/JPY - 110.59
Dollar's intra-day brief break above yesterday's 110.69 high on renewed usd's strength suggests recent decline from March's 10-week high at 112.14 has made a temporary low at Monday's 5-week low of 109.71 and further gain towards 111.10/15 would be seen after consolidation but loss of momentum should cap price below 111.21.
On the downside, only below 110.24 would prolong choppy trading, risk weakness towards 109.94.
Data to be released later:
France consumer confidence, producer prices, Italy business confidence, consumer confidence, trade balance,Swiss investor sentiment, UK CBI distributive trades.
U.S. MBA mortgage application, trade balance, current account, and Canada trade balance, exports, imports, average weekly earnings.
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
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Update Time: 27 Mar 2019 09:30 GMT
USD/JPY - 110.59
Dollar's intra-day brief break above yesterday's 110.69 high on renewed usd's strength suggests recent decline from March's 10-week high at 112.14 has made a temporary low at Monday's 5-week low of 109.71 and further gain towards 111.10/15 would be seen after consolidation but loss of momentum should cap price below 111.21.
On the downside, only below 110.24 would prolong choppy trading, risk weakness towards 109.94.
Data to be released later:
France consumer confidence, producer prices, Italy business confidence, consumer confidence, trade balance,Swiss investor sentiment, UK CBI distributive trades.
U.S. MBA mortgage application, trade balance, current account, and Canada trade balance, exports, imports, average weekly earnings.
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