USDJPY-07/12/2023

Preferred direction: SELL
Comment: The Japanese yen also fell under a rather significant support of 138.667 and the instrument is not going to stop. A return under the level will certainly allow the instrument to recover to 140.230. So far, the seller's strength is strong and there is still a high probability of a continuation of the fall. Presumably, on a global view, the currency pair is descending to the support level of 130.315, from where there will clearly be a decent upward correction.

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