USDJPY remains in uptrend from 101.20, the fall from 104.12 is likely consolidation of the uptrend. 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 next target would be at 105.00 area. On the downside, a clear break below the channel support will indicate that the uptrend had completed at 104.12 already, then the following downward movement could bring price back to 101.50 zone.
