USDJPY Daily Analysis – July 29, 2019

USDJPY stays above a rising trend line on the 4-hour chart and remains in the uptrend from 107.20. As long as the trend line support holds, the pullback from 108.82 could be treated as consolidation for the uptrend, further rise to 109.50 area could be expected after the consolidation, only a clear break below the trend line support could signal completion of the uptrend.

USDJPY 4-hour chart