USDJPY Daily Analysis – August 9, 2019

No changed in our view, USDJPY remains in the downtrend from 109.31, as long as 107.08 resistance holds, the price action from 105.52 is likely consolidation for the downtrend. Further decline is possible after the consolidation and next target would be at 105.00 area. Only break above 107.08 resistance could signal completion of the downtrend.

USDJPY 4-hour chart