Trading Edges That Last
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USDJPY Mar 30 to Apr 03 Outlook
Lawrence’s Comment
Consolidation play earlier part of the week with Y-1 support. Later in the week trouble in Yemen led to break down play which doubled the range for the week. Closed the week below Y-1 and midpoint.
Outlook
Weekly consolidation / pullback now confirmed. Y-0 / B+1 now strong resistance. Until swing trend in 4 hour changes, ninja consolidation play continues.
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