FX.co ★ USD/JPY Intraday Technical Analysis

The spot rate is currently testing the lower limit of its medium term bearish channel at 76.60 suggesting a rebound. However, a break through these levels will make the bearish channel more violent.
According to recent events, the market indicates a bullish opportunity at the levels of 76.60 with the 1st objective of 77.20, then of 77.40. A break at 76.40 will change this scenario.