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AceTraderFx Nov 12: Daily Recommendations on Major - USD/JPY
DAILY MARKET OUTLOOK on Major
Update Time: 12 Nov 2019 09:53 GMT
USD/JPY - 109.25
Although dollar's fall from Thursday's 5-month high at 109.48 to 108.90 yesterday suggests upmove from Aug's 33-month trough at 104.46 has made a temporary top, subsequent rebound has retained bullishness for marginal gain, however, 109.93 should remain intact and yield retreat.
On the downside, below 108.90 would risk stronger retracement towards 108.66 before prospect of another rise.
Pay attention to the release of German ZEW economic sentiment and current conditions at 10:00GMT. Street forecasts are -13.0 and -22.0 vs previous readings of -22.8 and -25.3 respectively.
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
Update Time: 12 Nov 2019 09:53 GMT
USD/JPY - 109.25
Although dollar's fall from Thursday's 5-month high at 109.48 to 108.90 yesterday suggests upmove from Aug's 33-month trough at 104.46 has made a temporary top, subsequent rebound has retained bullishness for marginal gain, however, 109.93 should remain intact and yield retreat.
On the downside, below 108.90 would risk stronger retracement towards 108.66 before prospect of another rise.
Pay attention to the release of German ZEW economic sentiment and current conditions at 10:00GMT. Street forecasts are -13.0 and -22.0 vs previous readings of -22.8 and -25.3 respectively.
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