FX.co ★ USD/JPY Intraday Technical analysis

The spot rate is currently testing the upper limit of its medium-term bearish channel at 83.70. 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 83.70 with a 1st objective of 84.50, then 85.20. A break in 83.40 would invalidate this scenario.