Daily recommendations on major – USD/JPY

AceTrader Team AceTrader

USD/JPY - 135.11

Dollar's jump on robust U.S. NFP Friday and then break of 134.54 (Wed top) to 135.49 in New York signals correction from July's 24-year peak at 139.39 has possibly ended at 130.41 (Tuesday) and further gain to 135.75 is envisaged, reckon 135.96 should cap upside and yield correction.

On the downside, only a daily close below 134.54 would dampen daily bullishness and risk stronger retracement towards 134.17, break, 133.89/94.

Data to be released today

Swiss unemployment and EU Sentix index 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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