USDJPY Daily Analysis – August 18, 2017

No changed in our view, USDJPY remains in the uptrend from 108.73, the pullback from 110.94 is likely correction of the uptrend. Another rise could be expected after the correction and next target would be at 112.00 area. Key support is at 108.73, only a breakdown below this level could signal resumption of the downtrend from 114.49.

USDJPY 4-hour chart