FX.co ★ USD/JPY Intraday Technical analysis

The spot rates approaches the upper limit of its medium-term downtrend channel at 84.50. A breakout of this area would free a significant potential and begin an upward trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 84.50 with a 1st objective of 85.10, then 85.30. A breakthrough of 84.30 will change the observed situation.