USDJPY is forming a sideways consolidation in the trading range between 93.79 and 103.73. As long as 93.79 key support holds, the uptrend from 75.57 (Oct 31, 2011 low) could be expected to resume, and one more rise towards 110.00 is still possible. On the downside, a breakdown below 93.79 support will indicate that the uptrend from 75.57 had completed at 103.73 already, then the following downward movement could bring price back to 80.00 zone.
