USDJPY breaks below 79.43 previous low

After consolidation, USDJPY breaks below 79.43 previous low support, and continues its downward movement from 84.17 (Mar 15 high). Further decline could be expected over the next several days, and next target would be at 78.00 area. Resistance is at 79.70, only break above this level could indicate that lengthier consolidation of the downtrend is underway, then another rise to test 80.61 resistance could be seen.

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