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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 197841, member: 22847"] [B]AceTraderFx [COLOR=darkred]July 28: [/COLOR] Daily Recommendations on Major –USD/JPY [ATTACH type="full"]18888[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time[B]: 28 July 2021[/B] [I]09:30GMT[/I] USD/JPY - 109.95 Although dlr's decline from 110.59 (Fri) to 109.59 in tandem with U.S. yields suggests early cross-inspired rise from Jul's 109.07 bottom has made a temporary top, intra-day rebound in Europe would bring consolidation ahead of key FOMC's announcement. A daily close above 110.13 signals pullback is over, then outlook would turn bullish for re-test of 110.59. Below 109.59 would shift risk to downside for weakness towards 109.07 later. Ahead of FOMC announcement at 18:00GMT and post-FOMC press conference at 18:30GMT, we have some second-tier data due out, please refer to our EI page for details. [/QUOTE]
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