USDJPY Daily Analysis – July 11, 2018

USDJPY remains in the uptrend from 109.36, the fall from 111.35 is likely consolidation for the uptrend. Another rise could be expected after the consolidation and next target would be at 111.50 area. The key support is at 110.27, only a breakdown below this level could bring the price back towards 109.70.

USDJPY 4-hour chart