FX.co ★ USD/JPY Intraday Technical analysis

The spot rate is currently testing to the lower limit of its medium term bullish channel in 76.80 suggesting a rebound. However a break of these levels would entail a bearish channel.

According to previous events, the market indicates a bullish opportunity on the levels of 76.80 with a 1st objective of 77.50, then 77.80. A break in 76.60 would invalidate this scenario.