FX.co ★ USD/JPY Intraday Technical analysis

The spot rate moves between its intermediate support and the upper limit of the middle term bearish channel between 80.95 and 81.35. A rupture of the upper limit of this one 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 81.35 with a 1st objective of 81.80, then 82.00. A break of 81.10 would invalidate this scenario.