USD/JPY analysis (July 17)

After a confirmed break below critical level at 80,00, we see additional pressure on the pair going forward.
A break below 78,50, which offered a great support last week, would accelerate the move to the downside with no clear immediate target. 2011 low is at 76,40…
We need to see at least a break back above 80,00 to leviate the downside pressure.