Daily Recommendations on Major -USD/JPY

AceTrader Team AceTrader

DAILY MARKET OUTLOOK on Major
Update Time: 07 Dec 2017 09:30 GMT

USD/JPY - 112.58
Despite resumption of decline from this week's 2-week high of 113.09 to retrace recent upmove from November's 110.84 bottom to 112.00 yesterday's intra-day rise above 112.37 on the back of renewed usd's strength and rising U.S. yields suggests temp. low is made and choppy sideways swings are in store.

Only above 112.86 would bring re-test of 113.09 whilst below 112.00 would extend weakness to 111.70/74 later today or tomorrow.

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AceTrader Team

AceTrader

Led by world-renowned technical analyst Wilson Leung, we have a team of 7 analysts monitoring the market and updating our recommendations and commentaries 24 hours a day.

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