USDJPY Weekly Analysis – Sunday, July 8

USDJPY is testing 111.39 resistance. A break of this level would suggest that the upside movement from 104.63 has resumed, then a further rise to 113.00 area could be seen.

Key support is at 108.11, a breakdown below this level would indicate that the uptrend had completed at 111.39 already, then the following downside movement could bring the price back towards 104.00.

USDJPY daily chart

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