USDJPY Weekly Analysis – August 14, 2016

USDJPY stays below the downward trend line on daily chart, and remains in downtrend from 123.75 (Nov 18, 2015 high). As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 95.00 area. Key resistance is at 107.48, only break above this level could signal completion of the downtrend.

usdjpy chart