FX.co ★ USD/JPY Intraday Technical analysis

The spot rate is currently testing the intermediate support of its medium term bearish channel in 76.40 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 76.30.

According to previous events, the market indicates a bullish opportunity on the levels of 76.40 with a 1st objective of 76.80, then 77.00. A break in 76.20 would invalidate this scenario.