USDJPY Daily Analysis – August 2, 2019

USDJPY broke below 108.41 support, suggesting that the uptrend from 107.20 had completed at 109.31 already. Further decline could be expected and next target would be at 106.77 support. Resistance is at 107.90, a break of this level could bring the price back to 108.40 area.

USDJPY 4-hour chart