USDJPY Daily Analysis – July 27, 2018

USDJPY broke above 111.20 resistance, suggesting that lengthier consolidation for the downtrend from 113.17 is needed. Further rally is possible and the target would be at 111.90 area. Support is at 110.58, only a breakdown below this level could trigger another fall towards 109.00.

USDJPY 4-hour chart