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AceTraderFx Jul 25: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 25 Jul 2019 09:30 GMT
USD/JPY - 108.07
Dollar's rally from last Thursday's 3-week low at 107.22 to 108.29 on Tue suggests decline from July's 1-month peak at 108.99 has made a temporary low and as price has rebounded after yesterday's pullback to 107.94 (New York), upside bias is retained for gain to 108.75 but 108.99 should remain intact.
On the downside, only below 107.71/78 may risk weakness towards 107.50/54.
U.S. will later release weekly jobless claims, durable goods order, wholesale inventories and finally Kansas City manufacturing index.
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Update Time: 25 Jul 2019 09:30 GMT
USD/JPY - 108.07
Dollar's rally from last Thursday's 3-week low at 107.22 to 108.29 on Tue suggests decline from July's 1-month peak at 108.99 has made a temporary low and as price has rebounded after yesterday's pullback to 107.94 (New York), upside bias is retained for gain to 108.75 but 108.99 should remain intact.
On the downside, only below 107.71/78 may risk weakness towards 107.50/54.
U.S. will later release weekly jobless claims, durable goods order, wholesale inventories and finally Kansas City manufacturing index.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in Forex market since 1984, with proven analytical approach used by professionals and real-time updates