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USDPLN Intraday Analysis

USDPLN had been trading in a round bound pattern for the week and broke the trend this morning with 3 white soldiers. However, upside momentum on the FX cross appears to have diminished. Traders can take this opportunity to take a short position in USDPLN, risking 0.26%. A target move is lower to the bottom of the range, at 3.00266, a 0.42% decline. This is a reward risk ratio of 1.62.