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AceTraderFx Jun 29: Daily Recommendations on Major – USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 29 Jun 2020 09:30GMT
USD/JPY - 107.18
Dollar's bounce from Friday's low at 106.81 to 107.35 in New York, then to 107.37 in Asia today suggests pullback from Thursday's 107.45 top has ended and subsequent retreat would bring choppy sideways swings before upmove from last Tuesday's 6-week trough at 106.08 resumes and heads to 107.63 but 107.96 should hold today.
On the downside, below 106.81 would risk marginal weakness but 106.60/63 would remain intact..
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Update Time: 29 Jun 2020 09:30GMT
USD/JPY - 107.18
Dollar's bounce from Friday's low at 106.81 to 107.35 in New York, then to 107.37 in Asia today suggests pullback from Thursday's 107.45 top has ended and subsequent retreat would bring choppy sideways swings before upmove from last Tuesday's 6-week trough at 106.08 resumes and heads to 107.63 but 107.96 should hold today.
On the downside, below 106.81 would risk marginal weakness but 106.60/63 would remain intact..
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