USDJPY Daily Analysis – July 26, 2018

USDJPY broke below 110.75 support, suggesting that the downtrend from 113.17 has resumed. Further decline would likely be seen in the coming days and next target would be at 109.00 area. Resistance is at 111.20, only break above this level would indicate that lengthier consolidation for the downtrend is needed, then the pair would find next resistance at around 111.90.

USDJPY 4-hour chart