© Dukascopy Bank
Daily maximum: 109.63
Daily minimum: 108.58
EUR/JPY has breached a support at 108.92/96 and is now struggling to return above this level. This temporary weakness of the pair is seen as a bearish correction within a larger upward channel and tough support zone situated at 107.97/107.57 should be able to contain dips and preserve bullish outlook.
Daily Resistance: 108.96/109.07; 109.55; 109.96.
Daily Support: 108.72; 108.56/50; 107.97/107.57.
Daily Bias: Strongly bullish.