Current price: 132.55
Key point: 133.70
Our preferred direction: short positions below 133.70 levels, targeting 129.35 as a first target, then 126.90 as a second target.
Alternative scenario: stop loss and change direction by breaking 133.70, targeting 134.80.
Technical comment
The dollar yen pair is moving in a downward direction on the daily timeframe, from October's top, below the resistance levels 133.70-134.40, so the price is expected to fall to reach the support levels 129.35, then 126.90 levels
