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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 210390, member: 22847"] [B]AceTraderFx[COLOR="darkred"] July 08: [/COLOR]Daily Recommendations on Major –USD/JPY [ATTACH type="full"]22023[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time: [B]08 July 2022[/B] [I]09:30GMT[/I] USD/JPY - 135.77 Although dollar's sharp decline from last Wed's fresh 24-year peak at 136.99 in tandem with US yields to 134.75 last Friday suggests long term uptrend has made a temporary top there, subsequent bounce to 136.36 Tue signals pullback possibly over and above 136.36 would yield stronger gain to 136.70/80. On the downside, only a daily close below 134.96 would bring weakness towards 134.75 but 134.27 should contain downside. [B]Data to be released on Friday:[/B] US non-farm payrolls, private payrolls, unemployment rate, average weekly earnings, wholesale inventories, wholesale sales, Canada employment change and unemployment rate. [/QUOTE]
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