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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 197916, member: 22847"] [B]AceTraderFx [COLOR=darkred]July 30: [/COLOR]Daily Recommendations on Major –USD/JPY [ATTACH type="full"]18903[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time[B]: 30 July 2021[/B] [I]09:30GMT[/I] USD/JPY - 109.53 The greenback's selloff following the Federal Reserve's dovish hold on Wednesday and yesterday's release of soft U.S. GDP data to 109.37 in Australia today suggests correction from July's bottom at 109.07 has ended at 110.59 last Friday and consolidation with downside bias remains for a re-test of said support, break would extend MT decline to 108.70/80 before prospect of a rebound. On the upside, only abv 110.28 would indicate a temporary low has been made and risk stronger gain to 110.59 again. [B]Data to be released on Friday:[/B] Japan unemployment rate, industrial output, retail sales, construction orders, housing starts, consumer confidence, Australia PPI, France PPI. Germany GDP, import prices, Swiss retail sales, KOF indicators, France CPI, Italy unemployment rate, GDP, CPI, EU HICP, GDP, unemployment rate. U.S. personal income, personal spending, PCE price index, employment wages, employment costs, Chicago PMI, University of Michigan sentiment, Canada GDP, producer prices and budget balance. [/QUOTE]
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