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26.07.202118:08 Forex Analysis & Reviews: EURJPY could have made a major low at 129.

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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.

Red lines - bullish channel

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.

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