USDJPY continued its sideways movement in a range between 108.24 and 109.45. Support is at 108.24, as long as this level holds, the sideways movement could be treated as consolidation of the uptrend from 101.50, another rise to 110.00 area could be expected after consolidation, and a break of 109.45 resistance could signal resumption of the uptrend. On the downside, a breakdown below 108.24 support will indicate that the uptrend had completed at 109.45 already, then deeper decline to 107.00 area could be seen.
