FX.co ★ USD/JPY Intraday Technical analysis

The spot rate is currently testing the lower limit of its medium term bearish channel in 77.50 suggesting a rebound. However a break of these levels would entail a bearish channel more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 77.50 with a 1st objective of 77.90, then 78.20. A break in 77.30 would invalidate this scenario.