Trading Edges That Last
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USDJPY Oct 03 to Oct 07 Outlook
Lawrence’s Comment
USD rally against all majors last week. Dollar yen is the weakest one. Every attempt to go higher last week was met with selling pushing it back down. Closed the week, however, at Y+1.
Outlook
If a platform / bottom can form between B-0 down to B-1, the long term down trend will be broken and that this low will turn into an important low on monthly scale.
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