FX.co ★ USD/JPY Intraday Technical analysis

The spot rate reached its resistance level through its medium-term downtrend channel at 82.70. A breakthrough of this area will free a significant potential and will allow the pair to reach the upper limit of its channel to 83.60.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 82.70 with a 1st objective of 83.40, then 83.60. A breakout of 82.50 will change this situation.