EUR/JPY Technical Analysis: Falling channel breakout on hourly chart

The EUR/JPY pair is currently trading at 125.05 and could soon rise to 125.20-125.25, as the hourly chart is reporting a falling channel breakout. 

Notably, that breakout is backed by the bullish crossover between the 50- and 200-hour moving averages (MAs). 

Hourly chart

Trend: bullish