FX.co ★ USD/JPY Intraday Technical analysis

The spot rate is currently testing the intermediate resistance of its medium-term bearish channel at 82.25. A break of these levels would reach the upper limit of its channel at 83.00.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 82.25 with a 1st objective of 83.00, then 83.20. A break in 82.00 would invalidate this scenario.