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Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 155840, member: 22847"] [B]AceTraderFx Nov 26: Intra-Day Market Moving News and Views - USD/JPY [/B] [B]Intra-Day Market Moving News and Views 26 Nov 2018[/B] [I]03:10GMT[/I] USD/JPY - 113.24.. Although the pair opened flat in New Zealand on Monday, renewed buying emerged at 112.88 ahead of Tokyo open and price climbed steadily in Tokyo trading due to broad-based yen selling as Asian stocks rose, price penetrated initial res at 112.00/05 and then break above last week's high at 113.22 (Thursday) to 112.25. Dlr's intra-day anticipated break of 113.22 res due to renewed usd's strength in Asia confirms the upmove from last Tuesday's 3-week trough at 112.31 has once again resumed n price is en route to 113.48 (61.8% r of 114.21-112.31), however, o/bot condition should cap price below res at 113.70/74. Bids have been raised o 113.20-10 and more below with stops below 112.85. Offers are tipped at 113.40/50 with stops above 113.75. On the data front, U.S. will release Chicago national activity index and then Dallas Fed mfg business index later today. [/QUOTE]
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