USDJPY is facing 76.40 previous low support, a breakdown below this level will indicate that the long term downtrend from 124.16 (2007 high) has resumed, then another fall towards 70.00 could be seen. Resistance is at 78.00, only break above this level could indicate that the fall from 85.51 is complete.
For long term analysis, USDJPY is in consolidation of long term downtrend from 124.16 (2007 high). Range trading between 76.40 and 90.00 would likely be seen in next several months.
