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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 189334, member: 22847"] [B]AceTraderFx [COLOR="darkred"] [B]Dec 23[/B]:[B] [/B][/COLOR]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]: 23 Dec 2020 [/B][I]09:30GMT[/I] USD/JPY - 103.44 Despite dollar's resumption of medium term decline from March's high at 111.71 to a 9-month trough of 102.88 last Thursday, subsequent rise to 103.88 Monday suggests temporary low is made and yesterday's choppy swings would bring range trading, reckon 103.20/29 should contain downside and yield another rise. Above 103.88/91 would extend to 104.10/14 but 104.30/40 should remain intact. Below 103.20 risks 102.88. On the data front, U.S. has a heavy calendar, please refer to our EI page for details [/QUOTE]
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