USDJPY Daily Analysis – August 10, 2020

No changed in our view, 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 resume, and further decline towards 103.00 is still possible, only break above the trend line resistance could signal completion of the downtrend.

USDJPY 4-hour chart