EUR/JPY is approaching level of previous high, which is also the high of bullish trend. Judging from the dynamics that has come after recent strong correction, demand has a chance to set a new high. In practice it would open the way to further growth.

On weekly chart it is worth to pay attention to the huge impetus of growth. From this perspective, breaking  previous high seems almost certain. If there is a breakout, space will be open at least to the area around 127.50.

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