USDJPY continued its downward movement from 85.51, and the fall extended further to as low as 81.26. Initial resistance is at the upper border of the price channel on 4-hour chart, as long as the channel resistance holds, the downward move could be expected to continue and next target would be at 80.50-81.00 area. Only a clear break above the channel resistance could indicate that the fall from 85.51 is complete, then further rally could be seen to 83.50 zone.

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