EUR/JPY is now on a bit above 11,634/11,660 support zone.
Decisive break there will confirm larger down trend resumption. On the upside,
break of 11,795 minor resistance will turn intraday bias to the upside.
In the bigger picture, outlook remains bearish as
the cross is staying well inside falling channel established since 13,750 (Feb,
2018 high), as well as below falling MA50. As long as 12,287 resistance holds,
the down trend form 13,750 should extend to 10,955 (Jun, 2016 low). However,
sustained break of 12,287 will indicate medium term bullish reversal.
