FX.co ★ USD/JPY Intraday Technical analysis

The spot rate is out of its downtrend channel medium term by breaking the upper limit of this one at 84.00 resulting in an acceleration. A pullback to this area is expected before a resumption of bullish movement.

According to previous events, the market indicates a bullish opportunity on the levels of 84.00 with a 1st objective of 84.40, then 84.70. A breakout at 83.80 would change the observed sitiation.