Trading Edges That Last
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USDJPY Jun 09 to Jun 13 Outlook
Lawrence’s Comment
As mentioned last week, ninja is showing signs of strength. Cleared Y+1 in one go and tagged Y+2 early in the week. Ninja keep pushing until 150% range expanded was reached. Closed the week near Y+2 and above midpoint.
Outlook
Bullish up swing continues. Support at Y+1 / B-0 very strong and an indication that more upside is in store. Next swing higher can push this up to B+2.
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