USDJPY Daily Analysis – August 14, 2020

USDJPY stays above a rising trend line on the 4-hour chart and remains in the uptrend from 105.30. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 108.00 area. Only a breakdown below the trend line support would indicate that the upside movement is complete, then next target would be at 105.50 area.

USDJPY 4-hour chart