FX.co ★ USD/JPY Intraday Technical analysis

The spot rate is currently testing the upper limit of its medium-term bearish channel at 81.85. 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 81.85 with a 1st objective of 82.60, then 83.00. A break in 81.60 would invalidate this scenario.