USDJPY Daily Analysis – August 14, 2017

USDJPY stays below a bearish trend line on its 4-hour chart and remains in the downtrend from 114.49. As long as the price is below the trend line, the bounce from 108.73 could be treated as consolidation of the downtrend, and further decline to test 108.13 (Apr 17 low) support is still possible. Only a clear break above the trend line resistance could signal completion of the downtrend.

USDJPY 4-hour chart