FX.co ★ USD/JPY Intraday Technical analysis

The spot rate is currently testing the upper limit of its medium-term downtrend channel at 82.30. A break of these levels would free up 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 82.30 with a 1st objective of 83.00, then 83.40. A break of 82.00 would invalidate this scenario.