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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 174043, member: 22847"] [B]AceTraderFx Dec 05: Daily Recommendations on Major -USD/JPY [IMG]http://www.trendsetterfx.com/image/common/flag/flag_yen.gif [/IMG] DAILY MARKET OUTLOOK on Major[/B] Update Time:[B] 05 Dec 2019 [/B][I]09:30GMT[/I] USD/JPY - 108.90 Despite dollar's retreat to 108.44 in Asia yesterday, subsequent rebound to 108.96 in New York suggests recent decline from Mon's 6-month peak at 119.72 has made a temporary low and range trading would be seen before prospect of another fall, below 108.44 would extend to 108.10/20 but Nov's 107.90 bottom should remain intact. On the upside, only above 109.20 would risk stronger gain to 109.41, break, 109.60/70. Pay attention to U.S. jobless claims (13:30GMT) and factory orders (15:00GMT). Street forecasts are 215k and 0.3% vs previous readings of 213k and -0.6% respectively. [/QUOTE]
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