USD/JPY Intraday Technical analysis

The spot rate approaches the lower limit of its medium-term bullish channel in 76.60 suggesting a rebound. However a break of these levels would initiate a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 76.60 with a 1st objective of 77.10, then 77.50. A break in 76.40 would invalidate this scenario.