Trading Edges That Last
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USDJPY Mar 24 to Mar 28 Outlook
Lawrence’s Comment
2nd inside week in a row. Magic buying above Y-1 sent ninja back up to Y-0. Stalled from there since. Closed the week below Y-0 and above midpoint.
Outlook
2nd inside week implies breakout mode in play. Very interested in upside breakout of B+1 which points to B+2 an B+3 quickly.
As long as that has not happened yet, more consolidation and sell pressure is expected.
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