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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 193399, member: 22847"] [B]AceTraderFx [B][COLOR=darkred]Mar 29: [/COLOR][/B] Daily Recommendations on Major –USD/JPY [ATTACH type="full"]18145[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time[B]: 29 Mar 2021[/B] [I]09:30GMT[/I] USD/JPY - 109.66 Although price has retreated after dollar's resumption of upmove from January's 9-1/2 month bottom at 102.60 to a fresh 9-month peak at 109.84 and minor consolidation would be seen before said uptrend heads to 110.10/15 later today, loss of momentum would prevent sharp move beyond and reckon 110.47/50 would limit upside and yield correction. On the downside, only below 109.14 would indicate a temporary top has been made and risk stronger retracement to 108.67/70 before prospect of rebound. U.S. eco. calendar is very thin today with Dallas Fed mfg business index for Mar being the only data due out at 15:30GMT. [/QUOTE]
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