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It was a tricky week for the USDJPY.  The pair appeared to make a break from it descending channel only to be thrown right back into the grind.  Since hitting highs around 84 in March the cross has not been able to gain any traction to slow it decent.  The pair is once again near levels where government intervention must be considered.  For me that rules out shorting the cross.  In the meantime support can be found at 79 followed by 78.20.  If the 78.20 level is reached the USDJPY will be back to were it began in Jan.  Resistance begins at 80.60.

Sup    79

Res    80.60