USDJPY Daily Analysis – August 7, 2018

USDJPY is in the short term downtrend from 112.15. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 110.50 area. Only a clear break of the trend line resistance could trigger another rise towards 113.17 resistance.

USDJPY 4-hour chart