Daily Recommendations on Major - USD/JPY

   DAILY MARKET OUTLOOK on Major 
Update Time: 07 Dec 2018  09:30 GMT

USD/JPY - 112.84
Despite yesterday's selloff to 112.24 in Asia on risk averse buying of JPY, subsequent strong rebound suggests further choppy trading above Tuesday's trough at 112.57 would continue with upside bias and above 113.24 would yield stronger retracement of recent decline from 114.04 to 113.69/71, however, 113.85 would remain intact ahead of U.S. jobs report.

On the downside, only below 112.57/58 would revive bearishness for weakness towards November's trough at 112.31, break would signal erratic decline from 114.21 (Nov) has resumed and extend towards 111.90/92.

Data to be released later on Friday : 
Germany industrial output, France industrial output, trade balance, import, export, U.K. Halifax house prices, Italy retail sales, EU GDP revised.
Canada employment change, unemployment rate and U.S. non-farm payrolls, private payrolls, unemployment rate, average earning, University of Michigan sentiment prelim, wholesale inventories, wholesale.

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.