Trading Edges That Last
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USDJPY Nov 24 to Nov 28 Outlook
Lawrence’s Comment
Y-0 acted as support sending ninja straight up to Y+2. Rising wedge turned into full blown up channel. Closed the week above Y+1 and midpoint.
Outlook
A pocket at Y+1 is now formed. As long as ninja fails to clear B+1, the pocket and B-1 are in play.
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