USDJPY broke below the bottom support trend line of the rising price channel on the 4-hour chart, suggesting that consolidation for the uptrend from 106.48 is underway. Range trading between 108.03 and 108.93 would likely be seen in the coming days. However, as long as 108.03 support holds, the uptrend could be expected to resume, further rise to 109.50 area is still possible after the consolidation.
