USDJPY Weekly Analysis – September 13, 2020

USDJPY moved sideways in a trading range between 104.18 and 107.05. As long as the price is below the falling trend line on the daily chart, the downside movement from 111.71 could be expected to continue and next target would be at 103.00 area. Only break above the trend line resistance could signal completion of the downtrend.

USDJPY daily chart