USDJPY remains in uptrend from 105.32, the fall from 118.97 is likely consolidation of the uptrend. Support is located at the bottom of the price channel on 4-hour chart, as long as the channel support holds, the uptrend could be expected to continue, and next target would be at 120.00 area. However, a clear break below the channel support will indicate that lengthier consolidation of the uptrend is underway, then deeper decline to test 115.45 support could be seen.
