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Daily Market Outlook (27 Nov 2015)
Update Time: 27 Nov 2015 08:41GMT
Next Update At: 00:30GMT
USD/JPY - 122.40

Dollar's intra-day decline due to buying of yen on risk aversion following a 5-1/2 % selloff in the Shanghai Composite index suggests choppy sideways trading following Wed's rebound from a 2-week low of 122.26 to 123.94 would continue, as long as said sup holds, consolidation with mild upside bias remains for another bounce to 122.94/96 but above needed to bring stronger gain twd next chart objective at 123.26 early next week.  
A firm break of 122.26 sup would extend decline from last Wed's 12-week peak at 123.77 to 122.01 n possibly twd 121.74 (previous res, now sup).  

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