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AceTraderFx Nov 28: Daily Recommendations on Major -USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 28 Nov 2019 09:30GMT
USD/JPY - 109.46
Although dollar's break of Nov's previous high at 109.48 to near-6-month top at 109.60 in New York yesterday suggests upmove from Aug's 33-month trough at 104.46 has resumed, intra-day retreat on renewed U.S.-China trade concern would bring consolidation before price heads to 109.90/93 but 110.30/40 should hold due to loss momentum.
On the downside, only below 109.11 (Wed European low) would indicate temporary top made and risk weakness toward 108.88/90, break, 108.43/48.
U.S. markets will be closed today for Thanksgiving holiday, hence no data will be out today.
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Update Time: 28 Nov 2019 09:30GMT
USD/JPY - 109.46
Although dollar's break of Nov's previous high at 109.48 to near-6-month top at 109.60 in New York yesterday suggests upmove from Aug's 33-month trough at 104.46 has resumed, intra-day retreat on renewed U.S.-China trade concern would bring consolidation before price heads to 109.90/93 but 110.30/40 should hold due to loss momentum.
On the downside, only below 109.11 (Wed European low) would indicate temporary top made and risk weakness toward 108.88/90, break, 108.43/48.
U.S. markets will be closed today for Thanksgiving holiday, hence no data will be out today.
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