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- USD/JPY has made a high of 123.75 and declined from that level. It is currently trading around 123.10.
- Overall trend is neutral and any break below 122.80 confirms slight weakness, decline till 122 is possible.
- On the higher side major resistance is around 123.75 and break above targets 122.50/122.
It is good to sell only below 122.80 with SL around 123.40 for the TP of 122/121.80
