Daily Recommendations on Major - USD/JPY

AceTrader Team AceTrader

DAILY MARKET OUTLOOK on Major

Update Time: 05 Dec 2019 09:30GMT

USD/JPY - 108.62

Despite dollar's rebound from Wed's trough at 108.44 to 108.99 yesterday, subsequent retreat to 108.61 today suggests correction has ended and decline from Mon's 6-month high at 109.72 would resume and extend to 108.25/29, however, loss of momentum should keep price above 107.90.

On the upside, only above 108.99 would risk gain to 109.20, break, 109.41 later.

T.G.I.F. for Asian traders but Euroepan n N. American players are bracing themselves for release of U.S. non-farm payrolls, average earnings, unemployment at 13:00GMT, then University of Michigan consumer confidence, wholesale inventories and wholesale sales at 15:00GMT.

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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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