FX.co ★ USD/JPY Intraday Technical analysis

The spot rate is currently testing resistance level through its short-term bullish channel at 83.95. A breakout of this zone will allow it to reach the upper limit of its channel to 84.10. The upside is limited in the short term.

According to previous events, the market indicates a bearish opportunity on the levels of 84.10 with a 1st objective of 83.60, then 83.40. A breakthrough of 84.30 will invalidate this scenario.