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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 175850, member: 22847"] [B]AceTraderFx Jan 21: 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] 21 Jan 2020 [/B][I]09:30GMT[/I] USD/JPY - 109.94 Dollar's retreat to 109.90 in Asia today after resumption of medium term upmove from Aug's 33-month trough at 104.46 to a fresh 7-1/2 month's 110.28 peak last Friday signals temporary top made and consolidation with mild downside bias would be seen, however, reckon 109.44 would remain intact. Above 110.28 would extend said rise towards 110.67 before prospect of correction due to loss of momentum. [B]Data to be released later:[/B] France business climate, UK ILO unemployment rate, employment change, average weekly earnings, claimant count, Germany ZEW economic sentiment, ZEW current conditions, EU ZEW survey expectations. Canada manufacturing sales, U.S. redbook, and New Zealand GDT price index. [/QUOTE]
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