The EUR/JPY keeps its bullish trend

Even though the EUR/JPY has been making some bearish pullbacks on the daily chart, the pair has actually kept its bullish trend and it is possible for the price to make a higher high, above the 128.21 level. Over this same chart we can see a confirmed bullish trendline; therefore, a breakdown of that red line could make the price fall to the 124.65 level. Below the 124.65 level, its next support could be the 122.07 level. To the upside, the 200 day exponential moving average, around the 130.14 level could also act as resistance.