USDJPY remains in the uptrend from 108.49, the pullback from 111.12 is likely consolidation for the uptrend. As long as the price is in the bullish price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 112.00 area. Support is now located at the bottom of the channel, only a breakdown below the channel support could signal completion of the uptrend.
