USDJPY Daily Analysis – August 2, 2017

USDJPY remains in downtrend from 112.19, the rise from 109.91 could be treated as consolidation of the downtrend. As long as 110.90 resistance holds, the downtrend could be expected to continue and next target would be at 109.00 area. Only a break above 110.90 resistance could bring price back into 111.60 zone.

USDJPY 4-hour chart