Technical Analysis of USD/JPY for August 21, 2017

If we can see H1 chart then we can see that this pair currently looks like sideways, but still standing above of daily pivot level and i think for getting right trend line we need to wait more time, because there are more opportunity to go on downside, if today it break pivot level then it will try to break daily 1st support 108.66 level, otherwise if it will try to go upward and will be break daily 1st resistance 109.65 level.

By observation on technical indicators and moving average we can see this pair currently on bearish trend, so that i think for today ti will continue to go on downside, but we will enter in this pair after breaking daily 1st support 108.66 level.

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