AceTraderFx Aug 30: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 30 Aug 2019 09:30 GMT
USD/JPY - 106.52
Although dollar's break of Moday's 106.41 high to 106.67 on Thursday due to easing U.S.-China trade tension suggests recent upmove from Monday's 33-month trough at 104.46 has once again resumed, subsequent retreat would bring range trading before price heads to 107.00/09.
On the downside, only below 106.20/22 would indicate temporary top is in place and yield retracement to 105.60/65.
T.G.I.F. after a tumultuous week, however, European n N. American traders must pay attention to release of key U.S. data later today starting with Fed's preferred inflation guage core PCE price index, PCE index, personal income n personal spending at 12:30GMT, then Chicago PMI and then University of Michigan consumer confidence. Therefore, one can expect a lot of volatility in New York morning trading, good luck.
Update Time: 30 Aug 2019 09:30 GMT
USD/JPY - 106.52
Although dollar's break of Moday's 106.41 high to 106.67 on Thursday due to easing U.S.-China trade tension suggests recent upmove from Monday's 33-month trough at 104.46 has once again resumed, subsequent retreat would bring range trading before price heads to 107.00/09.
On the downside, only below 106.20/22 would indicate temporary top is in place and yield retracement to 105.60/65.
T.G.I.F. after a tumultuous week, however, European n N. American traders must pay attention to release of key U.S. data later today starting with Fed's preferred inflation guage core PCE price index, PCE index, personal income n personal spending at 12:30GMT, then Chicago PMI and then University of Michigan consumer confidence. Therefore, one can expect a lot of volatility in New York morning trading, good luck.