FX.co ★ USD/JPY Intraday Technical analysis

The spot rate approaches the upper limit of its medium-term bullish channel to 81.30 suggesting a decline. However a break of these levels would initiate a more violent bullish trend.

According to previous events, the market indicates a bearish opportunity on the levels of 81.30 with a 1st objective of 80.50, then 80.30. A break in 81.50 would invalidate this scenario.