Current price: 139.32
Key point: 139.00
Our preferred direction: buying positions above 139.00 levels, targeting 141.00 as a first target, then 142.00 as a second target
Alternative scenario: stop loss and change direction by breaking 139.00, targeting 137.80.
Technical comment
The dollar/yen pair fell to support levels on the daily timeframe 138.20-138.90, with a retest of point B of the harmonic AB=CD pattern, so it is expected that the rise will continue to rise, reaching 141.00 levels, then 142.00 levels, to complete the pattern at that time.
