USDJPY stays above a rising trend line

USDJPY stays above a rising trend line on 4-hour chart, and remains in uptrend from 80.58, the fall from 84.17 is treated as consolidation of the uptrend. Support is at the trend line, as long as the trend line support holds, uptrend could be expected to resume, and another rise towards 85.00 is still possible, only a clear break below the trend line could indicate that lengthier consolidation of the uptrend is underway, then sideways movement in a range between 82.50 and 84.17 could be seen.

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