FX.co ★ USD/JPY Intraday Technical analysis

The spot rate approaches the lower limit of its medium-term bullish channel to 84.80 suggesting a rebound on these levels. However a break in this area would begin a bearish trend.

According to previous events, the market indicates a bullish opportunity on the levels of 84.80 with a 1st objective of 85.50, then 85.80. A break in 84.60 would invalidate this scenario.