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Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 202008, member: 22847"] [B]AceTraderFx[COLOR="darkred"] Nov 26: [/COLOR] Intra-Day News and Views & data to be released today – USD/JPY [/B] [B]Intra-Day Market Moving News and Views[/B] Update Time:[B] 26 Nov 2021 [/B][I]04:30GMT[/I] USD/JPY - 104.85.. Despite moving narrowly in holiday-thin North American session Thursday due to U.S. Thanksgiving holiday, the pair tumbled ahead of Tokyo open on active safe-haven yen, usd & chf buying in reaction to market concerns on overnight Covid variant news (see previous update). Dlr's intra-day fall to 114.69 suggests recent uptrend has made a temporary top at Thursday's fresh 3-year peak at 115.51 and as long as 115.25 (Thur low, now res) holds, downside bias remains for a stronger retracement to 104.45/50, break may risk weakness towards 114.00. Offers are tipped at 115.00/10 n more above with stops above 115.25 while some bids are noted at 114.70/60 with stops below 104.45. T.G.I.F., no U.S. eco. data is due out n many U.S. traders are taking long-weekend leave, so trading may quieten down after Euroepan close but beware of volatility in a thin market condition if Covid concerns escalate [/QUOTE]
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