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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 165097, member: 22847"] [B]AceTraderFx May 28: Daily Recommendations on Major -USD/JPY[/B] [B][IMG]http://www.trendsetterfx.com/image/common/flag/flag_yen.gif [/IMG] DAILY MARKET OUTLOOK on Major [/B] Update Time: [B]28 May 2019[/B] [I]09:30 GMT[/I] USD/JPY - 109.30 Dollar's intra-day retreat from 109.63 in Asia suggests recovery from last Friday's 109.28 low has ended and below said sup would bring re-test of May's 3-month trough of 109.02, break would extend decline from 2019 peak at 112.39 (April) to 108.82/87, however, reckon 108.50 sup should hold. On the upside, only above 109.75 would risk stronger retracement towards 109.90/00 before retreat. [B]Data to be released on Tuesday : [/B] Swiss GDP, trade balance, exports, imports, Germany GfK consumer sentiment, import prices, France consumer confidence, Italy trade balance, UK BBA mortgage approvals, EU business climate, economic sentiment, industrial sentiment, services sentiment, consumer confidence. U.S. monthly home price, CS home price, consumer confidence, Dallas Fed manufacturing business index. [/QUOTE]
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