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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 200315, member: 22847"] [B]AceTraderFx[COLOR="darkred"] Oct 12: [/COLOR] Daily Recommendations on Major –USD/JPY[/B] [B][ATTACH type="full"]19266[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time[B]: 12 Oct 2021[/B] [I]09:15GMT[/I] USD/JPY - 113.36 The greenback's rise to a fresh 2-1/2 year peak at 113.49 in Asian morning due partly to active cross-selling in jpy suggests Medium Term upmove remains in progress and further gain towards 113.78/80 would be seen after consolidation, however, overbought condition would keep price below 114.00/10 and yield a much-needed correction later this week. On the downside, only below 112.72 would indicate a temporary top has been made and risk stronger retracement towards 112.10/20. On the data front, U.S. will release second-tier JOLTS job openings. We have Fed's Clarida (voter) n Atlanta Fed President Bostic (voter) scheduled to speak at 15:15GMT n 16:30GMT respectively. [/QUOTE]
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