USDJPY Daily Analysis – July 10, 2018

USDJPY failed to break below 110.27 support and is now facing 111.13 resistance. A breakout of this level would indicate that the upside movement from 109.36 has resumed, then further rise towards 111.50 could be seen. Key support is at 110.27, only a breakdown below this level could bring the price back towards 109.70.

USDJPY 4-hour chart