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USDJPY Apr 11 to Apr 15 Outlook
Lawrence’s Comment
Ninja failed to hold its weekly support and led to liquidation driven breakdown move. The former 108 magic level stopped the drop. Closed the week below Y-4 and near week low.
Outlook
Momentum too strong not to produce a lower low. A snap back above B-1 points to at least short term exhaustion to the down side. A pullback to B-0 is normal.
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