USDJPY Weekly Analysis – Sunday, August 19

USDJPY broke below the falling trend line on the daily chart and is now in the downtrend from 113.17.

USDJPY broke below the falling trend line on the daily chart and is now in the downtrend from 113.17.

A further decline could be expected in a couple of days and the next target would be at the 108.00 area. Resistance is at 111.50 and 113.17, only a break above these levels could trigger another rise towards 115.50 resistance.

USDJPY daily chart

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