FX.co ★ USD/JPY Intraday Technical analysis

The spot rate is currently testing the lower limit of its medium-term bullish channel at 82.80 and seems to initiate a rebound. However a break of these levels would release a large downside potential and initiate a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 82.80 with a 1st objective of 83.40, then 83.60. A break in 82.60 would invalidate this scenario.