FX.co ★ USD/JPY Intraday Technical analysis

The spot rate broke the upper limit of its medium term bullish channel in 78.05 leading to an acceleration. A pull back on these levels is expected before a resumption of bullish.

According to previous events, the market indicates a bullish opportunity on the levels of 78.05 with a 1st objective of 78.80, then 79.00. A break in 77.80 would invalidate this scenario.