USDJPY Daily Analysis – July 23, 2020

USDJPY failed to break below 106.64 support and stayed in a trading range between 106.64 and 107.53. Further rally to test 107.53 resistance would likely be seen, and a breakout of this level could take the price to 108.50 area. Support level is at 106.64, a breakdown below this level could trigger further downside movement towards 106.00.

USDJPY 4-hour chart