The single currency has been trending lower against the Japanese yen since early April, but a reversal could be imminent, says Ragu Dharmaratnam of Baselica.
EUR/JPY is just below the pink resistance line at ¥97 and the falling blue trendline that cuts in around ¥97.5. A break above these levels would open up a move initially to ¥101. Go long, placing a stop-loss below ¥95.5.
