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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 164957, member: 22847"] [B]AceTraderFx May 24: Daily Recommendations on Major -USD/JPY[/B] [B][IMG]http://www.trendsetterfx.com/image/common/flag/flag_yen.gif[/IMG] DAILY MARKET OUTLOOK on Major[/B] Update Time: [B]24 May 2019[/B] [I]09:30 GMT[/I] USD/JPY - 109.56 Although dollar has recovered to 109.75 in Asian morning after yesterday's selloff, subsequent retreat suggests pullback has ended and recent decline from Tuesday's 110.67 would resume and bring re-test of May's 3-month bottom at 109.02, where break would extend fall from April's 112.39 high to 108.50. On the upside, only above 110.07 would prolong choppy trading and risk retracement towards 110.32/37. U.S. will release Apr durable goods order at 12:30GMT and no speech is scheduled by Fed officials. T.G.I.F. [/QUOTE]
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