USDJPY Weekly Analysis – August 20, 2017

USDJPY’s downside movement extended to as low as 108.60. Further decline to test 108.13 is still possible, a breakdown below this level could take price to 105.00 area. Resistance is now at 110.94, only a break of this level could trigger another rise to retest 115.50 resistance.

USDJPY daily chart