USDJPY-Weekly Market Analysis-Jul20,Wk4

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107.87 is the level on the daily chart that gives me a heads up if the market is on a bullish run or a bearish run. Even with that, it doesn't mean that I can't perform a counter-trend trade setup and here we are a bullish bat pattern, we have that on the 4-hourly chart as well, and if form deeper than this. The importance of this is to wait for the candle confirmation to engage the trade.