USDJPY Daily Analysis – July 18, 2018

USDJPY broke above 112.80 resistance and extended its upside movement from 109.36 to as high as 113.07. Further rise is still possible and next target would be at 113.50 area. Key support is at 112.19, only a breakdown below this level could signal completion of the uptrend.

USDJPY 4-hour chart