FX.co ★ USD/JPY Intraday Technical Analysis

The spot rate broke the intermediate resistance of its medium term trading range at 76.80 leading to acceleration. A pull back at these levels is expected before the resumption of a bullish tendency.
According to previous events, the market indicates a bullish opportunity at the levels of 76.80 with the 1st objective of 77.30, then of 77.50. A break at 76.60 would invalidate this scenario.