USDJPY Daily Analysis – February 19, 2018

USDJPY extended its downside movement from 110.48 to as low as 105.54. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 104.00 area. Only a clear break above the trend line resistance could signal completion of the downtrend.

USDJPY 4-hour chart