USDJPY Daily Analysis – July 26, 2019

USDJPY extended its upside movement from 107.20 to as high as 108.75. 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 109.00, followed by 109.70. Only a clear break below the trend line support could signal completion of the uptrend.

USDJPY 4-hour chart