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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 200564, member: 22847"] [B]AceTraderFx[COLOR=darkred] Oct 18: [/COLOR] Daily Recommendations on Major –USD/JPY [ATTACH type="full"]19318[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time[B]: 18 Oct 2021[/B] [I]09:30GMT[/I] USD/JPY - 114.28 Intra-day choppy swings after retreat from Fri's 3-year peak at 114.46 to 114.00 in New York suggests consolidation may continue before prospect of further gain, however, loss of momentum should cap dollar below 'psyhcological' 115.00 today and yield a minor correction. On the downside, only below 114.00 indicates temporary top has been made and risks stronger retracement towards 113.64 before prospect of a rebound. [B]Data to be released today: [/B] New Zealand CPI, China industrial output, retail sales, GDP. U.K. Rightmove house price. Canada housing starts, U.S. industrial production, capacity utilization, manufacturing output and NAHB housing market index on Monday. [/QUOTE]
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