USDJPY remains in downtrend from 84.17, the price action from 79.63 is treated as consolidation of the downtrend. Resistance is at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, downtrend could be expected to resume, and another fall to 79.00 is still possible. On the other side, a clear break above the channel resistance will indicate that the downward movement from 84.17 has completed at 79.63 already, then the following upward movement could bring price back to 83.00 zone.
