USDJPY Weekly Analysis – August 25, 2019

USDJPY stays below a falling trend line on the daily chart and remains in the downtrend from 112.40. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 104.00 area. Near term resistance is at 106.97, above this level could bring the price back towards the trend line.

USDJPY daily chart