The USD/JPY prices have declined during the recent trading sessions, with the strongest decline occurring after negative dollar data. The price has broken below the levels of the ascending trendline and closed below it. Currently, if the price remains below these levels around 139.60 and holds below them, the likelihood is for further decline with targets reaching 138.00 as the first target. However, if the price rises and breaks above these levels, the likelihood of an upward movement becomes stronger.
Technical Analysis of USD/JPY
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