FX.co ★ USD/JPY Intraday Technical analysis

The spot rate is currently testing the lower limit of its medium-term bearish channel at 82.50 suggesting a rebound. However a break of these levels would initiate a more violent downward trend .

According to previous events, the market indicates a bullish opportunity on the levels of 82.50 with a 1st objective of 83.10, then 83.30. A break in 82.30 would invalidate this scenario.