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USDJPY Mar 18 to Mar 22 Outlook
Lawrence’s Comment
Consolidated around previous week close. Took out Y+1 as expected from the slight upside bias. Closed the week below midpoint and above Y-0.
Outlook
Y-0 next tell tale zone. Rejection of Y+1 points to a test of at least Y-0. Since it did not happen last week we will likely get it this week. As long as B-0 is not breached on retest, B-2 is also in play.
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