08.12.201109:21 Forex Analysis & Reviews: EUR/JPY Intraday Technical analysis

Long-term review

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The spot rate approach to the lower limit of its medium term bullish channel in 103.80 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 103.80 with a 1st objective of 104.50, then 104.80. A break in 103.60 would invalidate this scenario.

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