FX.co ★ USD/JPY Intraday Technical analysis

The spot rate approaches the lower limit of its medium-term downtrend channel at 82.50 suggesting a rebound in the short term. However a break of this area would begin a more violent downward trend.

According to previous events, the market indicates a bullish opportunity on the levels of 82.50 with a 1st objective at 83.00, then 83.40. A break of 82.30 would invalidate this scenario.