AceTrader - Best Intra-day Forex Trading Strategies
 

MEMBER LOGON

Username:  
Password:
  Subscribe | Forget password


 

Daily Market Outlook Bookmark and Share

 
Daily Market Outlook (17 Apr 2014)
Update Time: 17 Apr 2014 08:16GMT
Next Update At: 00:30GMT
USD/JPY - 102.00

The greenback's retreat from yesterday's high of 102.37 to 101.86 (Asia) today suggests correction from last Friday's low at 101.32 has ended there and consolidation with downside bias is seen, however, breach of said sup is needed to signal decline from Apr's 2-1/2 month peak at 104.13 has resumed and extend to 101.21 (Mar 14 low) and then 2014 bottom at 100.76 (February).  
  
On the upside, above 102.37 would bring stronger retracement towards 102.73/74 instead but resistance at 103.00 (previous sup) should remain intact.
 

DISCLAIMER
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