Daily Recommendations on Major - USD/JPY

AceTrader Team AceTrader

DAILY MARKET OUTLOOK on Major
Update Time: 21 Aug 2019 09:30 GMT

USD/JPY - 106.55
Dollar's daily wild swings in the past week following rebound from last Mon's fresh 7-month trough at 105.06 to 106.97 last Tue are expected to continue, yesterday's rebound from 106.17 (New York) and intra-day strength suggests range trading would be seen before price head towards 105.66.

Only above 106.69 may risk gain to 106.97, break would extend said upmove towards 107.20/27 before retreat.

Data to be released later:
UK PSNB, PSNCR, U.S. existing home sales, MBA mortgage applications.
Canada CPI, CPI BOC core, CPI, core CPI.

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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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