FX.co ★ EUR/JPY Intraday Technical analysis

The spot rate approaches the lower limit of its medium-term bullish channel in 110.90 suggesting a rebound. However a break of these levels would initiate a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 110.90 with a 1st objective of 111.60, then 111.80. A break in 110.70 would invalidate this scenario.