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Oh sure, you can take out these sts. Here's a video for a similar situation. The second set of sts shows you how to pinch the sts with your finger to make sure that they don't go anywhere and then a dec similar to yours in shown.
Don't worry about which way the sts are facing for now. You can make sure that they aren't twisted when you go to re-knit them.
You might think about putting in a lifeline with this pattern just in case you make a mistake (hope not) later in the pattern.
There's also a good section on the Free Videos tab at the top of the page under Tips, called Fixing Mistakes that might be useful.