The USDJPY has moved below the 50% midpoint of the move up from the September 2024 low at 149.22. The low just reached 148.98. The price is also below a swing area between 149.078 and 149.39.
Sellers looking for more downside could now use the 149.39 as the close risk level. Stay below is more bearish.
The low from December 3at 148.637 is the next target on more selling.
This article was written by Greg Michalowski at www.forexlive.com.
