The first inside day warrant a sell signal at 124.33 as the indicator added the conviction to short. This is a REVERSAL signal at work.
The second inside day warrant a sell signal only if it breaks and close below 122.36 (assuming this is a CONTINUATION). The risk is support is found at 122.36 which is the 50% Fib retracement and this continuation pattern fail. Take note that prices might consolidate within the range of 122.36 to 124.60 before breaking out.
Assuming continuation pattern then sell once price break and close below 122.36 with stops at 124.70 with the target at 50 DMA. Should AB = CD play out on the , then 50 DMA looks an ideal place where support can be found.
The initial analysis will be invalidated if price break and close above 124.70 as it will then target the uptrend AB = CD (see red dotted line) to 130 levels.
With FOMC next week, anything can happen but we are biased for more downside given recent lack of USD ability to rally on good data that seems to have been priced in. One should take note that 0.25% rate hike will happen this year and the USD rally may have over rally for a mere 0.25% rate hike.