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USDJPY Aug 01 to Aug 05 Outlook
Lawrence’s Comment
As the US debt talk crisis continue, USD trashed across all majors. Closed the week at the G8 intervention price level now.
Outlook
Weak but also potential long term bottom in the making. All depends on the reaction to this support level.
Personally will sit out on longer term trades this week (i.e. beyond daytrading) because more news shock from US government is guarantee to spin everything out of control.
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