USDJPY remains in uptrend from 93.79

USDJPY remains in uptrend from 93.79, the fall from 100.85 could be treated as consolidation of the uptrend. Support is now located at 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 102.00 area is still possible after consolidation. On the downside, a clear break below the channel support will suggest that the upward movement from 93,79 had completed at 100.85 already, then the following downward movement could bring price back to 95.00 – 96.00 area.

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