USDJPY remains in uptrend from 96.94 (Oct 25 low), the fall from 105.44 could be treated as consolidation of the uptrend. Support is now 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 110.00 is still possible after consolidation. On the downside, a clear break below the channel support will indicate that the uptrend from 96.94 had completed at 105.44 already, then the following downward movement could bring price back to 95.00 zone.
