FX.co ★ USD/JPY Intraday Technical analysis

The spot rate is currently testing the lower limit of its medium-term bearish channel at 80.90 suggesting a rebound in the short term. However a break of these levels would initiate a bearish trend more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 80.90 with a 1st objective of 81.60, then 81.90. A break in 80.70 would invalidate this scenario.