Trading Edges That Last
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USDJPY Nov 17 to Nov 21 Outlook
Lawrence’s Comment
The moment ninja weaken, we have BOJ at it again. 100% absolute range expansion stopped the run. Closed the week above Y+1 and midpoint.
Outlook
2nd week stair step rally driven by jawboning. This won’t last as a rising wedge is forming. Breaking below B-0 will start a drop to B-2 / Y-1 support.
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