USDJPY Daily Analysis – July 10, 2019

USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 107.53. As long as the price is in the channel, the upside movement could be expected to continue and next target would be at 103.50 area. Key support is at 108.70, a breakdown below this level could bring the price back to 108.00 zone.

USDJPY 4-hour chart