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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 210905, member: 22847"] [B]AceTraderFx[COLOR="darkred"] July 22: [/COLOR]Daily Recommendations on Major –USD/JPY [ATTACH type="full"]22115[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time: [B]22 July 2022[/B] [I]09:30GMT[/I] USD/JPY - 137.62 Despite dollar's selloff from 138.87 and break of 137.39 support to as low as 137.31 in New York Thursday in tandem with US yields, then intra-day break there to 137.03 in Asia, intra-day rally suggests fall from July's fresh 24-year peak at 139.39 has made a low and above 138.00 would yield stronger gain to 138.35/39, 138.87. On the downside, only a daily close below 137.03 would revive bearishness for one more fall to 136.70/75. [B]Data to be released on Friday:[/B] U.K. Gfk consumer confidence, retail sales, Japan nationwide CPI, Jibun bank manufacturing PMI, Jibun bank services PMI, France S n P manufacturing PMI, S n P global services PMI, Germany S n P manufacturing PMI, S n P global services PMI, EU S n P manufacturing PMI, S n P global services PMI, U.K. S n P manufacturing PMI, S n P global services PMI. Canada retail sales, U.S. S n P manufacturing PMI and S n P global services PMI. [/QUOTE]
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