USDJPY remains in the uptrend from 104.63, the sideways movement in a trading range between 106.61 and 107.49 is likely consolidation for the uptrend. As long as 106.61 support holds, the uptrend could be expected to resume and a breakout of 107.49 resistance could take price to next resistance level at 107.90. On the downside, a breakdown below 106.61 support would suggest that the upside movement had completed at 107.49 already, then deeper decline to 106.00 area could be seen. Below here would aim 105.65 support.
