EURJPY - Bullish Continuation Toward 160.850

EURJPY is trading within a well-defined ascending channel, with price action respecting both the upper and lower boundaries. The recent bounce off support suggests buyers are maintaining control, supporting a potential continuation of the uptrend.

As long as the price remains above the support level and the channel's lower boundary holds, the bullish structure remains intact.

A potential upside target is 160.850, aligning with the upper boundary of the channel. A break and close above this level could signal further bullish momentum.

However, a breakdown below the support zone would invalidate the bullish scenario and may open the door for a deeper pullback.

Remember, always confirm your setups and trade with solid risk management.
Best of luck!