USDJPY Daily Analysis – August 13, 2018

USDJPY extended its downside movement from 112.15 to as low as 110.29. 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 109.50 area. Only a clear break above the trend line resistance could signal completion of the downside trend.

USDJPY 4-hour chart