Trading Edges That Last
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USDJPY Apr 01 to Apr 05 Outlook
Lawrence’s Comment
More downside as expected but failed to tag Y-2. Just consolidated around Y-1. Closed the week near Y-1 and midpoint.
Outlook
Indecision to close near Y-1 means a chance to push back up to B+1. As long as B+1 is acting as resistance more downside is expected. Looking for B-2 to be tagged within 2 weeks.
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