EUR/JPY is trending down inside a bearish channel since April.
Price found support at the lower limit of the marked channel at 101.00 showing weakness of the current down trend.
It's important to notice that we have an inverted head and shoulders reversal pattern on the daily chart with its neck-line at 107.70 which if broken with stability above it will confirm the pattern.
Based on the previous analysis, We have a bullish opportunity upon break of the resistance level 108.25 with 4H closure above it as our long signal.
SL should be daily closure below 106.60.
TP should be 109.00, 109.40, 110.30, 111.40 then 112.30.
