31.08.201109:45 Forex Analysis & Reviews: EUR/JPY Intraday Technical analysis

Long-term review

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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.

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