USDJPY broke above the falling trend line on the daily chart, suggesting that consolidation for the downtrend from 112.40 is underway.
Range trading between 106.77 and 109.30 would likely be seen over the next several weeks.
USDJPY Weekly Analysis – Sunday, July 7
USDJPY broke above the falling trend line on the daily chart, suggesting that consolidation for the downtrend from 112.40 is underway.
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