On the H1 timeframe for EUR/JPY, the recent price action reveals a bullish reversal potential. Following a sustained downtrend, the pair has consolidated near key support at 183.84, with multiple candles showing higher lows and increasing volume. The latest candle (ending at 183.856) closed above the prior consolidation range, signaling a shift in momentum. A strong bullish engulfing pattern forms between the 183.847-183.892 range, where the current price is positioned. Volume spikes during the breakout confirm institutional buying pressure, aligning with the buy signal. The immediate support at 183.84 acts as a critical barrier, and the entry level (183.893) is…

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