USDJPY moves lower and back toward swing area support ...Middle East

The next key target lies within the 145.92 to 146.26 zone — a swing area that includes the 61.8% retracement of the move down from the June high at 145.978. This lower zone will be closely watched for buyer interest.

Key levels:

Support zone: 145.92–146.26

Next support below: 145.347 (50%) and 100-bar MA (4H) at 145.02

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

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