As seen on the photo above we are getting closer and closer to another area of support for EurJpy on weekly chart. The whole chart might also go for a bullish triangle and there is why there are two "Take Profit"s. Feel freee to ask questions and subscribe now.( We also have Telegram channel)
@Dr-FX, Yes, it's very possible considering the slow down of the down trend (It' s seen well on MACD and EWO), but keep in mind that it may suddenly drop when market opens on Monday. As about a chart going for a channel, I wounld keep an eye on the momentum after reaching the previus height at 120 in case it collapses.