Trading Edges That Last
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USDJPY Oct 31 to Nov 04 Outlook
Lawrence’s Comment
Staying away from this pair has been the correct decision for some time now. And it has been the correct decision for the past week as well. The drop to new low was slow and messy. Range compression was obvious. Closed the week at Y-1.
Outlook
Dollar yen is wedging. Until a clean up swing is established clearing the way to an uptrend, will not touch this pair.
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