USDJPY Daily Analysis – August 21, 2018

USDJPY broke below 110.10 support and extended its downside movement from 112.15 to as low as 109.77. Further decline is still possible in a couple of days and next target would be at 109.00 area. Near term resistance is at 110.40, as long as this level holds, the downtrend will continue.

USDJPY 4-hour chart