 Tools for TradersTop Movers | Heat Map | Pivot Point | Pivot Meters | Action Bias | Volatility Charts Action InsightMarkets Stay Defensive as Trump Steps Up His Words on Trade Wars...The forex markets are pretty steady in Asian session as an extremely busy week starts. Reactions to Italy election and Germany SPD vote on...Technical OutlookUSD/JPY Daily OutlookDaily Pivots: (S1) 105.20; (P) 105.75; (R1) 106.25; More… Intraday bias in USD/JPY remains on the downside for the moment. Down trend from 118.65 has just resumed and should target 100% projection of 118.65 to 108.12 from 114.73 at 104.20 next. Firm break there will target 98.97 key support level. On the upside, above 106.37 minor resistance will turn bias neutral first. But outlook will remain bearish as long as 107.67 resistance holds. Suggested ReadingsEUR/USD Recovers Sharply above 1.2250 GOLD: Targets Further Upside Pressure Weekly Economic and Financial Commentary: Soaring Sentiment, but Will the Hard Data Follow? The Weekly Bottom Line: Fears of Trade War Rattle Financial Markets Week Ahead – Big Week for Central Banks as ECB, BoJ, RBA and BoC Meet; US Jobs Report also Eyed Week Ahead: Italian Election, Central Banks, and US Jobs in Focus Dollar Retreats as Trade War Talk Escalates Australia & New Zealand Weekly: RBA on Hold, AUD to Weaken through 2018 and 2019 Economic Data
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