EURJPY is trading inside a bullish channel since October of 2020. Recently the price pull back has reached the lower channel boundary and is now reversing to the upside.
EURJPY has many chances of starting a new upward move that will eventually bring price towards 133-134. The RSI is turning upwards from oversold levels. Price has held the channel support. As long as EURJPY is above 129, we are bullish.
The material has been provided by InstaForex Company - www.instaforex.com