FX.co ★ USD/JPY Intraday Technical Analysis

The spot rate is currently testing the lower limit of its midterm bearish channel at 76.60 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 at 76.60 with the 1st objective at 77.20, then at 77.40. A break at 76.40 would invalidate this scenario.