EUR/JPY Bullish Continuation in an Ascending Channel
This EUR/JPY 4-hour chart shows a strong bullish trend within an ascending channel, indicating a potential continuation of upward momentum.
Key Highlights:
✅ Ascending Channel – Price is trading within a well-defined upward channel, showing steady bullish movement.
✅ Support Zones – Two key support areas marked, which could act as potential entry zones on a retracement.
✅ Target Level – The projected target is around 165.831, aligning with previous resistance zones.
✅ Price Action Expectation – A pullback to the support level within the channel before another bullish impulse toward the target.
Trading Plan:
📌 Bullish Bias: Wait for a retracement toward the marked support zones for a potential long entry.
📌 Invalidation: A strong break below the channel and support zones would invalidate the bullish setup.
