USDJPY Daily Analysis – July 4, 2017

USDJPY continued its upside movement from 108.81 and the rise extended to as high as 113.47. Near term support is at the rising trend line on its 4-hour chart. As long as the pair is above the trend line, the uptrend could be expected to continue and next target would be at 115.00 area. Key support is at 111.73, only a breakdown below this level could signal completion of the uptrend.

USDJPY 4-hour chart