The EUR/JPY H1 chart displays a downtrend characterized by lower highs and lower lows, with recent consolidation near key support levels. The last several candles show a range between 183.577 and 183.64, where price has been bouncing off support and testing resistance. A bullish breakout pattern emerges as the current candle opens at 183.651, surpassing the prior high, suggesting a potential reversal. Volume on the breakout candle is notably higher than preceding sessions, indicating strong buying interest and confirmation of the move. The price action aligns with a bullish setup, with the close near the upper end of the consolidation…

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