USDJPY moved sideways in a trading range between 101.06 and 101.78. As long as 101.78 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 102.79 (Jun 4 high), another fall to test 100.75 key support is still possible. However, a break above 101.78 resistance will indicate that the downtrend had completed at 101.06 already, then the following upward movement could bring price to 103.50 area.
