USDJPY stays in a rising price channel on its 4-hour chart and remains in the uptrend from 107.31. As long as the channel support holds, the uptrend could be expected to continue and a breakout of 113.25 resistance could trigger another rise towards 114.00. On the downside a breakdown below the bottom support trend line of the channel could bring price back to next support level at 111.47. Below this level would indicate that the uptrend had completed at 113.25 already, then the following correction pullback could take price towards 109.54.
