FX.co ★ USD/JPY Intraday Technical analysis

The spot rate approaches the lower limit of its medium-term bearish channel at 81.70 suggesting a rebound in the short term. However a break of these levels would initiate a more violent downward trend .

According to previous events, the market indicates a bullish opportunity on the levels 81.70 with a 1st objective of 82.30, then 82.50. A break of 81.50 would invalidate this scenario.