USDJPY Daily Analysis – August 14, 2019

USDJPY is facing 107.08 resistance, a break of this level would confirm that the downside movement from 109.31 had completed at 105.04 already, then further rally to 108.00 area could be seen. On the downside, as long as 107.08 resistance holds, the price action from 105.52 could be treated as consolidation for the downtrend, one more fall to 104.00 area is still possible.

USDJPY 4-hour chart