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USDJPY Apr 20 to Apr 24 Outlook
Lawrence’s Comment
Ninja rejected Y+1 decisively giving us Y-0 quickly. Since then previous week close also turned into resistance giving us a go for Y-1. Y-1 tagged later in the week. Closed the week near Y-1 and below midpoint.
Outlook
Outside week down close has not broken the base built around 118 yet. This means this bottom boundary will be challenged soon. Obvious pocket at Y-0 / B-0 will be tested if ninja can hold Y-1.
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