Trading Edges That Last
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USDJPY Aug 18 to Aug 22 Outlook
Lawrence’s Comment
Down channel resistance breached right from the beginning of the week. Gave us an up drift consolidation week. 50% range capped the upside. Closed the week above Y-0 and near midpoint.
Outlook
Inside week closing between Y-0 and midpoint implies indecision. Breakout play down to B-2 or up to B+2 in the making.
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