USDJPY remains in uptrend from 95.81, the price action from 100.22 is treated as consolidation of the uptrend. Key support is located a the lower line of the price channel on 4-hour chart, as long as the channel support holds, the uptrend could be expected to resume, and one more rise to 101.50 area is still possible. On the downside, a clear break below the channel support will suggest that the uptrend from 95.81 had completed at 100.60 already, then deeper decline to 95.00 area could be seen.
Daily Forex Analysis
