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USDJPY-Weekly Market Analysis-Oct20,Wk1

USDJPY from the daily chart to the 1-hourly chart is showing a bearish trend in a ranging momentum. At this moment we can see a recent strong bearish candle(red arrow) and a market retracement back to the moving averages and market close with a bearish engulfing candle. Once the market open and at 9pm(+8GMT) I will be waiting for a shorting opportunity.

RaynLim

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