Trading Edges That Last
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USDJPY Jan 25 to Jan 29 Outlook
Lawrence’s Comment
Resistance zone mentioned last week capped initial push higher early in the week. Flushed below Y-1 without tagging Y-2 staged the slingshot move expected. Closed the week above Y+1 and near week high.
Outlook
Y+2 and Y+3 are still in play. B-0 / Y-0 now strong support.
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