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Based on the hourly chart, the US dollar/Japanese yen currency pair managed to show its downward movement and was successful in declining under the level of support of 108.60. Technical analysis on the example of H1 and M30 charts, trend direction of currency pair - Day range, M30 short. Moreover, the pair resumed the direction of the downward decline inside the range of 108.70 - 108.6. However, an event occurred yesterday - it broke through the support level of 108.50 and the day closes under the level. That, in fact, makes it likely to consider sales to those traders who rebound from the level - a short deal, entry into the market at the price of the level of 108.40. The goal of which is the support level of 108.00. Thus, the pair was able to consolidate under the level of support of 108.50, which opens the downward direction particularly to the level of support of 108.30. Now, where can the pair moves considering that it gain a foothold and trades over the level of 108.90? This is still unknown. Thus, in the meantime, it is worth it to buy the pair to the level of 109.20.