FX.co ★ USD/JPY Intraday Technical analysis

The spot rate has rebounded on the lower limit of its medium-term bearish channel at 83.40 and is currently testing the intermediate resistance of this one at 84.10. A break of these levels would reach the upper limit of its channel to 84.70.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 84,10 with a 1st objective of 84.70, then 84,90. A break in 83.90 would invalidate this scenario.