FX.co ★ USD/JPY Intraday Technical analysis

The spot rate is currently testing the upper limit of its medium-term downtrend channel 81.90 and seems to initiate a withdrawal. However a break in that area would free a significant potential.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will break its resistance at 81.90 with a 1st objective of 82.60, then 82.80. A break at 81.60 would invalidate this scenario.