EUR/JPY - End of Hopes of a Return to 97.50 Due to The Push Under 96.17
EUR/JPY broke the previous low at 95.60, approaching support at 94.00.
We remain focused on the longer-term structure which is dominated by a multi-month falling channel with support near 94.00. Ultimately we seek a break under this support, ahead of a potential recovery higher.
Back over 98.33 (28 June low) will neutralise our current bearish stance, in favour of a recovery higher.