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Technical analysis:
USD/JPY has been trading downside after the FOMC yesterday and I see that sellers are still in control and there is the chance for the further drop/
Due to the strong downside momentum and the breakout of the pin bar on the daily time-frame, I see potential for the further drop towards lower reference.
Downside objective is set at the price of 139.25
RSI oscillator is showing downside reading below 40 with no major sign of the strength.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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