FX.co ★ USD/JPY Intraday Technical analysis

The spot rate approaches the intermediate resistance of its medium-term bullish channel at 83.60. A break of these levels would reach the upper limit of its channel at 84.10.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 83.60 with a 1st objective of 84.10, then 84.50. A break in 83.40 would invalidate this scenario.