FX.co ★ USD/JPY Intraday Technical analysis

The spot rate approaches the lower limit of its medium-term bullish channel at 81.60 suggesting a rebound in the short term. However a break of these levels would release a large potential downside and initiate a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 81.60 with a 1st objective of 82.60, then 83.10. A break in 81.30 would invalidate this scenario.