FX.co ★ USD/JPY Intraday Technical analysis

The spot rate approaches the upper limit of its medium-term downtrend channel at 84.20. A breakthrough of this area would free a significant potential.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 84.20 with a 1st objective of 84.70, then 85.10. A breakout of 84.00 will change the observed situation.