USDJPY’s fall from 84.50 extended to as low as 80.93 level. Deeper decline to test 80.30 previous low support is possible next week, a breakdown below this level will indicate that the downtrend from 94.98 (May 5, 2010 high) has resumed.
For long term analysis, USDJPY may be forming a cycle top at 84.50 level on daily chart, key support is at 80.30, a break below this level will confirm the cycle top.
