FX.co ★ USD/JPY Intraday Technical analysis

The spot rate is currently approaching the upper limit of its medium-term downtrend channel at 83.90. A breakthrough of this zone would free up significant potential for an uptrend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 83.90 with a 1st objective of 84.40, then 84.70. A breakout in 83.70 will change the observed situation.