AceTraderFx Nov 03: Daily Recommendations on Major –USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 03 Nov 2021 09:30GMT
USD/JPY - 113.87
Despite the greenback's retreat from 114.44 (Monday) to 113.47 in Europe yesterday, subsequent rebound on renewed usd's strength to 114.00 (AUS) today suggests further choppy trading above last Thursday's 2-week bottom at 113.26 would continue, above 114.13 would yield re-test of 114.44, break extends towards October's 3-year 114.69 peak.
On the downside, only below 113.47 risks weakness to 113.26 but 113.01/05 should hold.
On the data front, U.S. will releae a slew of data, please refer to our EI page for details, pay attention to US ADP payrolls, then Markit services PMI n duarbale goods order.
DAILY MARKET OUTLOOK on Major
Update Time: 03 Nov 2021 09:30GMT
USD/JPY - 113.87
Despite the greenback's retreat from 114.44 (Monday) to 113.47 in Europe yesterday, subsequent rebound on renewed usd's strength to 114.00 (AUS) today suggests further choppy trading above last Thursday's 2-week bottom at 113.26 would continue, above 114.13 would yield re-test of 114.44, break extends towards October's 3-year 114.69 peak.
On the downside, only below 113.47 risks weakness to 113.26 but 113.01/05 should hold.
On the data front, U.S. will releae a slew of data, please refer to our EI page for details, pay attention to US ADP payrolls, then Markit services PMI n duarbale goods order.