USDJPY Daily Analysis – August 15, 2018

USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 112.15 had completed at 110.10 already. Further rally is possible in a couple of days and next target would be at 112.00 area. Support levels are at 110.80 and 110.10, only break below these levels could trigger another fall towards 109.00.

USDJPY 4-hour chart