FX.co ★ USD/JPY Intraday Technical analysis

The spot rate is currently testing the lower limit of its medium-term bullish channel at 81.60 and seems to start a rebound. However a break of these levels would entail a return to the lower limit of its medium-term bearish channel to 81.00.

According to previous events, the market indicates a bullish opportunity on the levels of 81.60 with a 1st objective of 82.30, then 82.60. A break in 81.40 would invalidate this scenario.