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USDJPY Nov 21 to Nov 25 Outlook
Lawrence’s Comment
As expected dollar yen slided down to Y-2 area. No big drop. Just slided. Closed the week below midpoint.
Outlook
We need to see the pair form a higher low on weekly against its low before the intervention to confirm the long term bottom is in place. Looks like it will be a long and painful process.
For the upcoming week, weaknesses point to B-2 is in the card if B-0 acts as resistance.
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