USDJPY stays in the rising price channel on 4-hour chart, and remains in uptrend from 105.32, the fall from 108.34 is likely consolidation of the uptrend. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 109.50 area. On the downside, a clear break below the channel support will indicate that the uptrend had completed at 108.34 already, then deeper decline to 106.50 area could be seen.
