USDJPY extended its upside movement from 108.27 to as high as 109.60, breaking above 109.48 resistance. As long as the price is in the rising channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 110.00 area. On the downside, a breakdown below the channel support would indicate that the uptrend had completed at 109.60 already, then another fall towards 108.50 could be seen.
