Let's take a closer look at EURJPY today. The price action is currently indicating a rectangle channel, and excitingly, the price has just broken above the UPPER TRENDLINE at 165.363!
With this breakout, we're eyeing potential targets:
38%: 167.316 62%: 168.510
This breakout presents an exciting opportunity for traders, potentially signaling a bullish momentum shift. Keep a close eye on price action as we monitor these levels for potential trading opportunities.