Trading Edges That Last
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As Featured In
USDJPY Aug 15 to Aug 19 Outlook
Lawrence’s Comment
Attempt to break above Y+1 failed and led to a test of Y-1. Support found above Y-1. Closed the week below Y-0 and midpoint.
Outlook
Inside week points to breakout play is in order. Original trend was down before entering the tight range weeks so downside has an advantage. FBO against Y-1 / B-1 can lead to a spike reversal back up to Y+3 quickly.
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