USDJPY Daily Analysis – August 3, 2018

USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 110.58. As long as the channel support holds, the uptrend could be expected to continue and next target would be at 112.40 area. Key support is at 111.25, only break below this level could bring the price back to test 110.58 support.

USDJPY 4-hour chart