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USD/JPY Remains In Uptrend From 95.81

USD/JPY Remains In Uptrend From 95.81

The USD/JPY remains in uptrend from 95.81, and the price action from 100.22 is treated as consolidation of the uptrend. Key support is located a 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 one more rise to 101.50 area is still possible. On the downside, a clear break below the channel support will suggest that the uptrend from 95.81 had completed at 100.60 already, then a deeper decline to the 95.00 area could be seen.

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