FX.co ★ EUR/JPY Intraday Technical analysis

The spot rate approaches the lower limit of its medium term bullish channel in 103.90 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 103.90 with a 1st objective of 104.50, then 104.80. A break in 103.70 would invalidate this scenario.