USDJPY Daily Analysis – July 24, 2019

USDJPY broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 108.99 had completed at 107.20 already. Further rally could be expected in the coming days and next target would be at 108.80 area. Near term support is at 108.00, below this level could bring the price back to 107.70 zone.

USDJPY 4-hour chart