FX.co ★ USD/JPY Intraday Technical analysis

The spot rate approaches the intermediate resistance of its medium term bearish channel in 78.50. A break of these levels would allow it to reach the upper limit of this one to 80.20.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 78.50 with a 1st objective of 79.20, then 79.50. A break in 78.20 would invalidate this scenario.