EUR/JPY - Breakout Retest in Ascending Channel Key Target 168.00

2 May

EURJPY continues to respect its ascending channel on the 4H timeframe recently bouncing strongly from the lower boundary near 163.30
This move forms a clean ABCD pattern with the current leg showing bullish continuation potential If momentum holds the pair could target the 166.50 zone and possibly extend to the psychological level at 168.00

Key Technicals
Price remains supported above the channel trendline
Strong bullish breakout above 164.00 resistance
Short-term pullback could offer a better entry before continuation

Targets to watch
Immediate resistance 166.50
Final psychological target 168.00
Support 163.30 – key for maintaining the bullish bias

This setup favors bulls while price stays inside the rising channel A clean break above 166.50 may trigger the next leg up

5 May

İşlem aktif

9 May

Not

bullish Reentry opening!