FX.co ★ USD/JPY Intraday Technical analysis

The spot rate approaches the lower limit of its bearish channel to 81.10 suggesting a rebound in these levels. However a break in this area would begin a more violent downward trend.

According to previous events, the market indicates a bullish opportunity on the levels of 81.10 with a 1st objective of 81.90, then 82.30. A break in 80.90 would invalidate this scenario.