The Direction of Highest Probability is Bearish on the Weekly time frame as price is moving from the C to the D. On the Daily chart I can see that the Bears are in control with price likely continueing South to the Fibonacci 1.27 extension on the Daily chart at 101.37. Even though the probabilities are aligned on the Weekly and Daily chart I can see that the equity markets are moving higher and this means that the JPY will weaken (or remain weak). There is no opportunity to sell the USDJPY if BOTH currencies are weakening at the same time.
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