FX.co ★ USD/JPY Intraday Technical analysis

The spot rate came to test the upper limit of its medium-term bearish channel at 82.80 and declined. He is currently approaching the lower limit of this one to 81.20 suggesting a rebound on these levels.

According to previous events, the market indicates a bullish opportunity on the levels of 81.20 with a 1st objective of 82.00, then 82.30. A break in 81.00 would invalidate this scenario.