USDJPY Daily Analysis – July 11, 2017

USDJPY stays in a bullish price channel on its 4-hour chart and remains in uptrend from 108.81. As long as the pair is in the channel, the uptrend could be expected to continue and further rise to test 115.50 key resistance is still possible. Near term support is located at the bottom trend line of the channel and the key support is at 112.74, only a breakdown below this level could signal completion of the uptrend.

USDJPY 4-hour chart