USDJPY Daily Analysis – July 1, 2019

USDJPY’s upside movement from 106.77 extended to as high as 108.50. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 108.80 resistance. Key support is at 107.56, only a breakdown below this level could signal completion of the uptrend.

USDJPY 4-hour chart