USDJPY Analysis - Daily

USDJPY stays below the downward trend line on 4-hour chart, and remains in downtrend from 110.08, and the fall extended to as low as 105.32. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 104.50 area. On the upside, a clear break above the trend line resistance will signal completion of the downtrend, then the following upward move could bring price back to test 110.08 resistance.