USDJPY remains in uptrend from 101.63, the fall from 105.41 could be treated as consolidation of the uptrend. Initial support is located at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the uptrend could be expected to resume, and another rise towards 1.1000 is still possible. On the downside, a clear break below the channel support will indicate that lengthier consolidation of the longer term uptrend from 96.94 (Oct 25 low) is underway, then deeper decline to 103.50 area could be seen.
