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Current price: 135.90
Key point: 139.40
Our preferred direction: short positions below 139.40, targeting 133.70 as a first target, then 131.30 as a second target.
Alternative scenario: stop loss and change direction by breaking 139.40, targeting 142.00
Technical comment
The dollar yen pair is moving in a downward direction on the daily time frame from last October's top, breaching the resistance levels 139.40, so that the decline is expected to continue towards the support levels 133.70-131.30
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