USDJPY Daily Analysis – July 31, 2019

USDJPY failed to break above 108.99 resistance and pulled back from 108.94. However, as long as 108.41 support holds, the pullback could be treated as consolidation for the uptrend from 107.20, further rise to 109.50 area is still possible. Only break below 108.41 support could signal completion of the uptrend.

USDJPY 4-hour chart