USDJPY Weekly Analysis – May 10, 2020

USDJPY stays below a falling trend line on the daily chart and remains in the downtrend from 111.71. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 104.00 area. Key resistance is at 107.49, only break above this level could signal completion of the downtrend.

USDJPY daily chart