USDJPY Daily Analysis – July 20, 2018

USDJPY broke below 112.19 key support, suggesting that the upside movement from 109.36 has completed at 113.17 already. Further decline would likely be seen in the coming days and next target would be at 111.00 area. Resistance is at 113.17, only a break of this level would trigger another rise towards 113.50.

USDJPY 4-hour chart