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FxWirePro: USD/JPY trade idea - sell rallies, target 101.45

  • USD/JPY trades a narrow range as markets await crucial central bank decisions.
     
  • The pair has broken trendline support at 101.88 and has slipped below hourly 20-SMA.
     
  • Techs on hourly charts biased lower. RSI weak below 50 levels, Stochs biased lower.

Recommendation: Good to sell rallies around 101.85/90, SL: 102, TP: 101.45
 

  • Market Data
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