USDJPY still holding short term uptrend (only just) but a close below 109.20 area on 4H would suggest 108.65 potentially and if that breaks then all the way back to 107.30 (double top target).
Until uptrend breaks however this could simply be an ascending triangle/consolidation. Next 12-24 hours should be the guide.
Until uptrend breaks however this could simply be an ascending triangle/consolidation. Next 12-24 hours should be the guide.