USDJPY continued its sideways movement in a trading range between 108.28 and 110.48. As long as 110.48 resistance holds, the sideways movement could be treated as consolidation of the downtrend and a breakdown below 108.28 support could take price to next support level at 107.31 (Sep 8, 2017 low). On the upside, a breakout of 110.48 could take price to next resistance level at 111.48. Above here could trigger further upside movement towards 115.50.
