FX.co ★ EUR/JPY Intraday Technical analysis

The spot rate is currently testing the lower limit of its medium-term bullish channel in 110.50 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 110.50 with a 1st objective of 111.20, then 111.50. A break in 110.30 would invalidate this scenario.