USDJPY Weekly Analysis – February 18, 2018

USDJPY broke below 107.31 support and extended its downside movement from 113.75 to as low as 105.54. As long as the price is below the falling trend line on the daily chart, further decline is still possible after a minor consolidation and next target would be at 103.00 area. Only a clear break above the trend line resistance could signal completion of the downtrend.

USDJPY daily chart