USDJPY Daily Analysis – August 20, 2019

USDJPY stays above a rising trend line on the 4-hour chart and remains in the short term uptrend from 105.65. As long as the trend line support holds, the upside move could be expected to continue and next target would be at 107.08 resistance. On the downside, a breakdown below the trend line support could indicate that the upside movement is complete, then another fall towards 105.00 could be seen.

USDJPY 4-hour chart