USDJPY Daily Analysis – August 11, 2017

USDJPY extended its downside movement from 114.49 to as low as 108.90. As long as the price is below the bearish trend line on its 4-hour chart, the downtrend could be expected to continue and next target would be at 108.50 area. Only a clear break above the trend line resistance could signal completion of the downtrend.

USDJPY 4-hour chart