FX.co ★ USD/JPY Intraday Technical analysis

The spot rate approaches the lower limit of its medium-term bullish channel to 80.20 suggesting a rebound. 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 80.20 with a 1st objective of 80.80, then 81.00. A break in 80.00 would invalidate this scenario.