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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 196693, member: 22847"] [B]AceTraderFx [COLOR=darkred]Jun 23: [/COLOR] Daily Recommendations on Major –USD/JPY [ATTACH type="full"]18655[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time[B]: 23 Jun 2021[/B] [I]09:30GMT[/I] USD/JPY - 110.88 Despite dollar's fall from last Thursday's 10-week peak at 110.82 to 109.72 on Monday, subsequent rally in tandem with U.S. yields and intra-day break above said resistance suggests consolidation with upside bias remains for a re-test of 2021 peak at 110.96, where break would extend Medium Term upmove to 111.20/30 before prospect of a much-needed correction due to loss of momentum. On the downside, only below 109.72 would revive bearishness for stronger retracement of recent upmove to 109.60 but 109.20 should hold. Today is PMI day in the US together with a slew of other eco data, please refer to our EI page for details. Also, we have Fed's Bowman n Fed's Bostic scheduled to speak in New York session. [/QUOTE]
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