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Technical Analysis
AceTraderFx : Daily Recommendations on Major
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[QUOTE="AceTRaderForex, post: 214222, member: 22847"] [B]AceTraderFx[COLOR="darkred"] Oct 21: [/COLOR]Daily Recommendations on Major –USD/JPY [ATTACH type="full"]22861[/ATTACH] DAILY MARKET OUTLOOK on Major[/B] Update Time: [B]21 Oct 2022[/B] [I]09:30GMT[/I] USD/JPY - 150.72 Dollar's rally in tandem with US yields after shrugging off yen intervention warnings by Japan officials to a fresh 32-year 150.28 high (New York) suggests price may head to 150.70, however, loss of momentum may cap upside at 150.90/95 and yield a long-overdue correction later. On the downside, only a daily close below 149.55 (Thursday low) would indicate a temporary top is in place and yield stronger retracement towards 149.11. [B]Data to be released on Friday:[/B] U.K. Gfk consumer confidence, U.K. PSNB, PSNCR, retail sales, EU consumer confidence. Canada new housing price index, retail sales. [/QUOTE]
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