DAILY MARKET OUTLOOK on Major
Update Time: 26 Apr 2019 09:30 GMT
USD/JPY - 111.69
Although yesterday's decline to 111.38 in New York confirms recent upmove has made a temporary top at Wed's 4-month peak at 112.39 and range trading is seen ahead of key U.S. GDP data, as long as daily sup at 110.85 holds, upside bias remains and above 112.00/05 signals pullback is over and may head towards 112.67 early next week.
Only below 110.85 signals long-awaited correction has occurred and risk would shift to downside for stronger retracement to 110.00/10 later.
Data to be released later:
France consumer confidence, UK BBA mortgage approvals, CBI trends survey, and U.S. GDP, PCE, University of Michigan sentiment.
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.