FX.co ★ USD/JPY Intraday Technical analysis

The spot rates approach the upper limit of its medium-term downtrend channel to 84.20. A break of these levels it 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 84.20 with a 1st objective of 84.80, then 85.30. A break in 83.90 would invalidate this scenario.