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Daily Market Outlook (18 Jul 2019)
Update Time: 18 Jul 2019 08:14GMT
Next Update At: 00:30GMT
USD/JPY - 107.73

Dollar's fall from Tue's 108.37 high and intra-day break of last Fri's low at 107.81 to 107.62 at European open suggests recent decline from Jul's 1-month peak at 108.99 to retrace early rise from Jun's 5-1/2 month trough at 106.79 would head towards 107.06 after conoslidation.  
  
On the upside, only above 108.11 would risk re-test of 108.37, break, 108.60/63 later.
 

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