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Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 155688, member: 22847"] [B]AceTraderFx Nov 22: Intra-Day Market Moving News and Views - USD/JPY[/B] [B]Intra-Day Market Moving News and Views[/B] [B]22 Nov 2018 [/B] [I]03:10GMT[/I] USD/JPY - 113.00.. Although dlr briefly spiked to 113.22 (stop buying) in Australia, price quickly retreated ahead of Tokyo open n then edged lower to 112.96 ahead of Tokyo lunch session, suggesting range trading is in store until European open. As this week's cross-inspired rally from Tuesday's 3-week trough at 112.31 to 113.15 (Europe) yesterday, then 113.22 today suggests recent decline from November's peak at 114.21 has made a temp. low there, as long as 112.83/87 holds, consolidation with upside bias remains for stronger retracement towards 113.48 (61.8% r from 114.21) is likely b4 prospect of retreat later today or tom. Bids are noted at 112.90-112.85 with stops touted below 112.60. Offers are tipped at 113.20/30 with stops reported above 113.70. As U.S. markets are closed for Thanksgiving holiday and hence no U.S. eco. data is due out, trading will slow in European afternoon. [/QUOTE]
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