USDJPY moved sideways in a narrow range between 76.09 and 76.95. As long as 76.95 resistance holds, one more fall to re-test 75.96 previous low support is still possible, a breakdown below this level could signal resumption of the longer term downtrend from 85.51. On the other side, above 76.95 will indicate that lengthier consolidation of the downtrend is underway, then further rise towards 77.85 could be seen.

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