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Instrument: USDJPY
Bullish Preference:
Buy position is envisaged if price trades above 147.375 with take profit at 147.605.
Bearish Preference:
Sell position is envisaged if price trades below 146.568 with take profit at 146.206
Fundamentals:
2:30pm USD
Core PCE Price Index m/m
Unemployment Claims
Comment:
The dollar climbed from more than three-month lows on Wednesday after data showing the U.S. economy grew faster in the third quarter than initially reported helped investors consolidate positions following four days of losses.
Analysis: SCRUM Team
