USDJPY rebounded from 76.72

Being supported by 76.40 previous low, USDJPY rebounded from 76.72. The pair is now facing the resistance of the downtrend line on 4-hour chart, as long as the trend line resistance holds, another fall to re-test 76.40 support is possible. On the upside, a clear break above the trend line will indicate that the fall form 81.47 has completed at 76.72 already, then the following upward move could bring price back to 82.00-83.00 area.


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