USDJPY Daily Analysis – August 1, 2019

USDJPY extended its upside movement from 107.20 to as high as 109.31, breaking above 108.99 resistance. Further rise could be expected after a minor consolidation and next target would be at 110.00 area. Key support is at 108.41, only a breakdown below this level could signal completion of the uptrend.

USDJPY 4-hour chart