USDJPY Daily Analysis – August 16, 2018

USDJPY broke below 110.80 support, suggesting that the short term uptrend from 110.10 had completed at 111.43 already. Further decline would likely be seen in the coming days and a breakdown below 110.10 support could take the price to 109.00 area. Resistance is at 111.43, only a break of this level could trigger another rise towards 112.00.

USDJPY 4-hour chart