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USDJPY Analysis July 5, 2020

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
On the monthly timeframe we are still bearish. On the weekly timeframe we are maintaining below the moving averages and formed a bullish candle with a lot of buyers exhaustion.On the daily timeframe we formed a bearish engulfing most recently and overall are still bearish. I’m not looking for any opportunities at the moment but will continue updating this analysis
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