FX.co ★ USD/JPY Intraday Technical analysis

The spot rate declined after testing the upper limit of its medium-term bullish channel in 81.30. A return to the lower limit of this channel is expected before a resumption of bullish.

According to previous events, the market indicates a bullish opportunity on the levels of 80.20 with a 1st objective of , then 80.80. A break in 81.00 would invalidate this scenario.