USDJPY is facing 88.40 previous high resistance, a break above this level will signal resumption of the uptrend from 82.11, then next target would be at 90.00 area. Initial support is at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the uptrend will continue. Key support is at 86.82, only break below this level could indicate that lengthier consolidation of the longer term uptrend from 77.14 (Sep 13, 2012 low) is underway, then the following downward movement could bring price back to 86.00 zone.
