FX.co ★ USD/JPY Intraday Technical analysis

The spot rate is currently testing the intermediate resistance of its medium-term bearish channel to 82.00 suggesting a decline. However a break of these levels would reach the upper limit of its channel to 82.50.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 82.00 with a 1st objective of 82.50, then 82.80. A break in 81.80 would invalidate this scenario.