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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 169190, member: 22847"] [B]AceTraderFx Sept 02: Daily Recommendations on Major -USD/JPY[/B] [IMG]http://www.trendsetterfx.com/image/common/flag/flag_yen.gif [/IMG] [B]DAILY MARKET OUTLOOK on Major [/B] Update Time: [B]02 Sept 2019[/B] [I]09:30 GMT[/I] USD/JPY - 106.26 Despite dollar's resumption of upmove from last Monday's 33-month trough at 104.46 to 106.67 on Thur, subsequent retreat to 106.11 Fri, then lower to 105.93 today suggests first leg of correction has ended and consolidation with downside bias remains for weakness to 105.60/66 but 105.44 should remain intact. On the upside, only above 106.67 would risk gain towards 106.97 before prospect of retreat. [B]Data to be released later: [/B] Swiss retail sales, manufacturing PMI, Italy Markit manufacturing PMI, France Markit manufacturing PMI, Germany Markit manufacturing PMI, EU Markit manufacturing PMI, UK Markit manufacturing PMI. Canada market holiday and U.S. market holiday on Monday. [/QUOTE]
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