USDJPY stays in a descending price channel on its 4-hour chart and remains in the downtrend 114.49. As long as the channel resistance holds, the rise from 109.83 could be treated as consolidation of the downtrend, and further decline to 109.00 area could be expected after the consolidation. On the upside, a clear break above the top trend line of the channel will indicate that the downtrend had completed at 109.83 already, then the following upside movement could bring price to 114.00 area.
