USDJPY Daily Analysis – July 8, 2019

USDJPY broke above 108.53 resistance, suggesting that the uptrend from 106.77 has resumed. Further rise could be expected and next target would be at 109.30 area. Near term support is at 108.15, a breakdown below this level could bring the price back to 107.70 zone.

USDJPY 4-hour chart