USDJPY Daily Analysis – August 22, 2018

USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 112.15. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 109.00 area. Only a clear break above the trend line resistance could signal completion of the downtrend.

USDJPY 4-hour chart