USDJPY Daily Analysis – July 4, 2018

USDJPY broke below 110.35 support, suggesting that the upside movement from 109.36 had completed at 111.13 already. Further decline could be expected in the coming days and next target would be at 109.50 area. Resistance is at 111.13, only a breakout of this level could trigger another rise towards 111.50.

USDJPY 4-hour chart