USD/JPY: bouncing off support
The USD/JPY has fallen to support from the trend-line of the recent rally. There will probably be a rebound from here back up to perhaps 80.30 first and then if the move continues to the recent highs and the 100-day MA at 80.55. The other less likely possibility is a break below the trend-line with support at 78.80 targeted initially.
Analysis prepared by: