Daily recommendations on major – USD/JPY

AceTrader Team AceTrader

DAILY MARKET OUTLOOK on Major

Update Time: 10 Aug 2020 09:30GMT

USD/JPY - 105.96
As dollar has rebounded after retreat from 106.05 in post-NFP New York Friday to 105.73 in Asia today, suggesting pullback from last Monday's 106.47 high has possibly ended at 105.31 Thursday, above 106.19 would confirm and bring re-test of 106.47, where break would extend upmove from July's 4-1/2 month bottom at 104.19 to 106.65, then 106.85/90.

On the downside, only below 105.49 would risk stronger retracement to 105.31/33.

Data out today:

New Zealand ANZ business outlook, ANZ own activity, China PPI, CPI.
Swiss unemployment rate, EU Sentix index.
Canada leading index and U.S. JOLTS job openings on Monday.

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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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