AceTrader - Best Intra-day Forex Trading Strategies


  Subscribe | Forget password


Daily Market Outlook Bookmark and Share

Daily Market Outlook (17 Jan 2018)
Update Time: 17 Jan 2018 08:26GMT
Next Update At: 00:30GMT
USD/JPY - 110.75

The greenback's sharp fall and subsequent break of November's trough at 110.84 to a fresh 4-month low at 110.48 Monday, then 110.20 today signals erratic decline from November's peak at 114.74 has finally resumed and choppy trading with downside bias would be seen for weakness towards 110.10/15, however, over sold condition would keep price above 109.70/74 and yield a much-needed correction later this week.  
On the upside, only above 111.19 would indicate a temporary low has been made and risk would increase for a stronger retracement to 111.69/70.

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

  |    Home  |  Contact Us  |  Subscribe  |  Site Map  |  Disclaimer  |  Risk Disclosure  |  Advertise with us  |  Top