USDJPY remains in downtrend from 84.17

USDJPY remains in downtrend from 84.17 and the fall extends to as low as 81.19. Further decline would likely be seen in a couple of days, and next target would be at the lower line of the price channel on 4-hour chart. Resistance is at the upper line of the channel, only a clear break above the channel could signal completion of the uptrend.

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Daily Forex Forecast

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