FX.co ★ USD/JPY Intraday Technical analysis

The spot rate is currently testing the lower limit of its medium term bearish channel at 79.10 suggesting a rebound. However a break of these levels would initiate a bearish trend more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 79.10 with a 1st objective of 79.90, then 80.10. A break in 78.90 would invalidate this scenario.