FX.co ★ USD/JPY Intraday Technical analysis

The spot rate approaches the upper limit of its medium-term bullish channel to 81.40 suggesting a decline. However a break of these levels would initiate a bullish trend more violent.

According to previous events, the market indicates a bearish opportunity on the levels of 81.40 with a 1st objective of 80.90, then 80.60. A break in 81.60 would invalidate this scenario.