Trading Edges That Last
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USDJPY Dec 30 to Jan 03 Outlook
Lawrence’s Comment
Ninja found support at previous week close and Y-0 in the beginning of the week. That gave us up drift bias for Y+1. Breakout above Y+1 and stayed above. Closed the week above Y+1 and near week high.
Outlook
The news from Japanese government enforce the strength in ninja. Not a very bullish chart though as a rising wedge is developing. B+2 may stop this run and starts a stronger pullback.
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