FX.co ★ USD/JPY Intraday Technical analysis

The spot rate approaches the upper limit of its medium-term bearish channel at 83.20. 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 83.20 with a 1st objective of 83.80, then 84.10. A break of 83.00 would invalidate this scenario.