09.06.202115:59 Forex Analysis & Reviews: EURJPY remains inside medium-term bullish channel.

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EURJPY has been in a bullish trend since 121.10 and the start of November 2020. Price continues making higher highs and higher lows. Despite some warning signals by the RSI, the reversal was never confirmed and price continued to climb.

Blue lines - bullish channel

EURJPY could move higher towards 134.60 over the next couple of sessions. Trend remains bullish. Short-term support is found at 132.85 and a break below this level will most certainly push price towards the lower channel boundary. This support is found at 131.65. The RSI canceled the latest bearish divergence by making a new higher high confirming bull's strength.

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