Thursday, October 15, 2026

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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 l…

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

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