USDJPY Daily Analysis – July 17, 2017

USDJPY broke below 112.74 key support, indicating that the upside movement from 108.81 had completed at 114.49 already. Deeper decline is possible and next target would be at 111.50 area. Resistance is at 113.10, followed by 113.60, as long as these levels hold, the downtrend from 114.49 will continue.

USDJPY 4-hour chart