USDJPY broke below the bullish trend line on the 4-hour chart, suggesting that the uptrend from 111.65 had completed at 114.45 already. Further decline could be expected in the coming days and next target would be at 112.30 area. Key support is at 111.47, as long as this level holds, the fall 114.45 would possibly be consolidation of the uptrend from 107.31, and another rise towards 115.50 could be expected after the consolidation. Only a breakdown below 111.47 support could signal completion of the uptrend.
