FX.co ★ USD/JPY Intraday Technical analysis

The spot rate came to test the upper limit of its short-term bullish channel at 81.35 and declined. It now approaching the lower limit of this one to 80.40 suggesting a rebound in the short term.

According to previous events, the market indicates a bullish opportunity on the levels of 80.40 with a 1st objective of 81.10, then 81.40. A break in 80.20 would invalidate this scenario.