EUR/JPY Breakout Alert – Bullish Reversal in Progress!

Analysis & Description:
This chart of EUR/JPY (JPY timeframe) shows a downtrend channel breakout that could signal a bullish reversal.

Key Observations:
✅ Descending Channel Break: The price has been trending inside a bearish descending channel and is now attempting to break out.
✅ Accumulation Zone: A range-bound consolidation occurred before the breakout attempt, indicating possible smart money accumulation.
✅ Key Resistance Levels:

156.545 (Breakout confirmation level)
158.100 (Next resistance)
159.100 & 160.453 (Potential upside targets)
✅ Bullish Breakout Structure: The price is forming higher highs and higher lows, confirming early bullish momentum.
Trading Plan:
📈 Bullish Bias:

A successful breakout above 156.545 with retest confirmation could provide a buy opportunity targeting 158.100 → 159.100 → 160.453.
⚠️ Bearish Invalidations:

If price fails to hold above 156.545, a rejection may lead to a pullback before the next bullish move.
Final Thought:
EUR/JPY is showing early signs of trend reversal. A strong breakout above 156.545 could trigger a bullish rally toward 160+ levels in the coming sessions. 🚀