Medium-term USD/JPY chart is bearish, 14-week momentum is negative

Spot well below the 144.59 Fibo, weekly close below would be very bearish

144.59 Fibo is a 50% retrace of the 127.22-161.96 (2023-2024) EBS rise

Downside targets include the 140.49 Fibo, 61.8% of the same 2023-2024 rise

Spot could also drop to probe the 140 psychological level

USD/JPY trader TGM2336. Previous update nL1N3KN089