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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 184146, member: 22847"] [B]AceTraderFx[COLOR=rgb(184, 49, 47)] Aug10[/COLOR][/B][COLOR=rgb(184, 49, 47)]:[/COLOR][B] 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]: 10 Aug 2020 [/B][I]09:30GMT[/I] USD/JPY - 105.96 As dollar has rebounded after retreat from 106.05 in post-NFP New York Friday to 105.73 in Asia today, suggesting pullback from last Monday's 106.47 high has possibly ended at 105.31 Thursday, above 106.19 would confirm and bring re-test of 106.47, where break would extend upmove from July's 4-1/2 month bottom at 104.19 to 106.65, then 106.85/90. On the downside, only below 105.49 would risk stronger retracement to 105.31/33. [B]Data out today :[/B] New Zealand ANZ business outlook, ANZ own activity, China PPI, CPI. Swiss unemployment rate, EU Sentix index. Canada leading index and U.S. JOLTS job openings on Monday. [/QUOTE]
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