Daily Recommendations on Major - USD/JPY

AceTrader Team AceTrader

DAILY MARKET OUTLOOK on Major
Update Time: 26 Jul 2019 09:30 GMT

USD/JPY - 108.66
Dollar's rally above Tuesday's 108.29 high (now sup) to 108.75 in New York yesterday on rising U.S. yields suggests re-test of July's 1-month top at 108.99 would be seen after consolidation, break would extend upmove from June's 5-1/2 month trough at 106.79 towards 109.59 later.

On the downside, only a daily close below 108.29 would risk weakness towards 107.94, then 107.78.

Data to be released on Friday :
France consumer confidence, producer prices, Italy MFG business confidence, consumer confidence.
U.S. GDP, PCE, and Canada budget balance.

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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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