USDJPY continues its downward movement and the fall from 88.11 extended to as low as 85.02 level. Resistance is now at the trend line from 86.87 to 86.44, as long as the trend line resistance holds, downtrend is expected to continue and next target is at 84.82 (2009 low). However, a clear break above the trend line resistance will indicate that the downtrend from 88.11 is complete, then the follow upward movement could bring price back to 87.50 area.


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