FX.co ★ USD/JPY Intraday Technical analysis

The spot rate approaches the upper limit of its medium term bearish channel to 80.30. A break of these levels would free up significant potential and initiate a bullish trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 80.30 with a 1st objective of 81.10, then 81.30. A break in 80.10 would invalidate this scenario.