USDJPY Daily Analysis – July 3, 2019

USDJPY broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 106.77 had completed at 108.53 already. Further decline could be expected after a minor consolidation and next target would be at 107.00 area. Resistance is at 107.90, a break of this level could trigger another rise towards 109.00.

USDJPY 4-hour chart