USDJPY is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 109.01 could be treated as consolidation for the downtrend from 112.40, another fall towards 108.50 is still possible after the consolidation. On the upside, a breakout of the trend line resistance would confirm that the downside movement had completed at 109.01 already, then further rise to 111.50 area could be seen.
