FX.co ★ EURJPY could have made a major low at 129.

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.