USDJPY Daily Analysis – July 13, 2020

USDJPY remains in the downtrend from 108.16. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 106.00 area. Only a breakout of the trend line resistance would indicate that the downside movement is complete, then another rise towards 108.50 could be seen.

USDJPY 4-hour chart