FX.co ★ USD/JPY Intraday Technical analysis

The spot rate approaches the lower limit of its medium-term bullish channel to 80.40 suggesting a rebound in the short term. However a break of these levels would initiate a new trend.

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.