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USDJPY Sep 30 to Oct 04 Outlook
Lawrence’s Comment
Y-0 failed to provide support and turned the spring setup into a consolidation. Closed the week at week low and below Y-0.
Outlook
Inside week with Y-0 and B-0 near same price gives us breakout play. The trouble now is that Y-1 was rejected decisively so a breakout to the downside could be a FBO. Until ninja gives us a clear direction to hop onboard, will focus on other pairs.
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