This is why I believe that the USDJPY will continue Bullish. Investors at this time are optimistic about the US-China trade deal so the price of the Yen is at a low price equilibrium. Momentum and MAs all are indicating that bearish momentum will be here for a while. The only thing that could change this sentiment is the US President and Chinese Officials derailing the phase 1 deal.
Current market sentiment - contraction bearish
Current market sentiment - contraction bearish
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