EURJPY: Significant Breakout and Bullish Perspective

The EURJPY pair has successfully broken and closed above a key horizontal resistance on the intraday chart.

The highlighted blue zone represents the neckline of a cup and handle pattern, signaling a potential bullish continuation.

This breakout could pave the way for further upside, with targets set at 163.64 and 164.47.

Traders may view the broken resistance level as a potential entry point for long positions.