Trading Edges That Last
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USDJPY Feb 21 to Feb 25 Outlook
Lawrence’s Comment
As expected, not much movement for this pair due the rally made the week before this past week takes some time for the players to digest. The support level mentioned last week holds.
Outlook
As long as B-1 acts as support, a retest of B+1 is in order.
The more interesting scenario is that upon testing B-0 to Y+1, we get a lower high selloff to break B-1. Should that happens, B-3 is the target.
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