USDJPY Weekly Analysis – Sunday, July 1


USDJPY is facing 111.39 resistance. A breakout of this level could signal resumption of the uptrend from 104.63, then the next target would be at the 113.00 area.

On the downside, a breakdown below 108.11 support would indicate that the upside movement had completed at 111.39 already, then another fall towards 104.00 could be seen.

USDJPY daily chart

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