FX.co ★ EUR/JPY Intraday Technical analysis

The spot rate is currently testing the lower limit of its medium term trading range in 107.80 suggesting a rebound. However a break of these levels would initiate a bearish trend.

According to previous events, the market indicates a bullish opportunity on the levels of 107.80 with a 1st objective of 109.00, then 109.20. A break in 107.50 would invalidate this scenario.