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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 200599, member: 22847"] [B]AceTraderFx[COLOR="darkred"] Oct 19: [/COLOR]Daily Recommendations on Major –USD/JPY [ATTACH type="full"]19322[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time[B]: 19 Oct2021[/B] [I]09:30GMT[/I] USD/JPY - 114.02 As intra-day dollar's broad-based weakness on return of risk sentiment has pushed price briefly below 114.00 sup, suggesting recent uptrend has made a temporary top at Friday's 3-year peak and consolidation with downside bias remains for a correction, near term oversold condition would keep price above 113.34. On the upside, only above today's 114.35 high signals pullback has ended and heads to 114.74 later. U.S. will release a slew of second-tier eco. data n we also have a number of Fed officials scheduled to speak later today, pls refer to our EI page for details. [/QUOTE]
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