USDJPY Daily Analysis – August 11, 2020

USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 108.16 (Jul 1 high). As long as the trend line resistance holds, the downtrend could be expected to resume, and further decline towards 103.00 is possible. Only break above the trend line resistance could signal completion of the downtrend.

USDJPY 4-hour chart