Technical Analysis - USDJPY, D1

USDJPY currency pair on the daily chart has reached the upper limit of the downward channel the hip. Breaking this resistance could lead to come to an important USDJPY which is the 102.00 level, where the price recently has arrived on July 7. Breaking these two levels could lead to a further strengthening of the dollar against the yen and the initiation of an uptrend, if not, is likely to further consolidate and remain in a limited area of the bottom of 101.00-101.10.