FX.co ★ EUR/JPY Intraday Technical analysis

The spot rate approach to the lower limit of its medium term bearish channel in 102.40 suggesting a rebound. However a break of these levels would entail a bearish channel more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 102.40 with a 1st objective of 102.90, then 103.20. A break in 102.20 would invalidate this scenario.