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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 198189, member: 22847"] [B]AceTraderFx[COLOR=DarkRed] Aug 09:[/COLOR][/B] [B] Daily Recommendations on Major –USD/JPY [ATTACH type="full"]18956[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time[B]: 09 Aug 2021[/B] [I]09:30GMT[/I] USD/JPY - 110.20 Despite the greenback's selloff yesterday to a 2-month trough at 108.73 at New York open on the release of poor U.S. ADP data, subsequent rally to 110.35 last Friday on upbeat U.S. jobs report suggests a temporary low has been made and consolidation with upside bias remains for stronger retracement to 110.60/65 before prospect of retreat later. On the downside, only below 108.88 would indicate aforesaid recovery has ended instead and risk re-test of said support, break would extend to 108.50/60. [B]Data to be released today:[/B] China PPI, CPI, Swiss unemployment rate. Germany exports, imports, trade balance, current account, EU Sentix index. U.S. JOLTS job openings on Monday. [/QUOTE]
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