Daily Recommendations on Major - USD/JPY

AceTrader Team AceTrader

DAILY MARKET OUTLOOK on Major
Update Time: 17 Jun 2019 09:30 GMT

USD/JPY - 108.58
Despite dollar's retreat from last Tue's 108.80 high to 108.17 on Thur, Fri's rally to 108.58 in NY after re-testing said sup, then intra-day gain to 108.70 suggests pullback has ended and above 108.80 would extend recent rise from Jun's near 5-month trough at 107.82 towards 109.02.

On the downside, only below 108.17 would indicate correction has ended instead and yield weakness to 107.82 again.

Eco. calendar in the U.S. is pretty thin with NY Fed mfg index n NAHB Housing Market index being the only dat due out in NY morning.

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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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