FX.co ★ USD/JPY Intraday Technical analysis

The spot rate is currently testing the intermediate support of its medium-term bullish channel at 80.80 suggesting a resumption of bullish. However a break of these levels would entail a return to the lower limit of its channel to 80.30.

According to previous events, the market indicates a bullish opportunity on the levels of 80.80 with a 1st objective of 81.40, then 81.60. A break in 80.60 would invalidate this scenario.