USDJPY moves back below swing area and approaches 61.8% retracement ...Middle East

From a technical perspective, USDJPY has fallen back below a key swing area between 147.21 and 147.34. The next major support is at the 61.8% retracement level of the September rally at 146.94. A sustained move below this level would reinforce a more bearish technical outlook.

This article was written by Greg Michalowski at www.forexlive.com.

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