The EUR/JPY D1 chart reveals a bullish consolidation phase following a recent low at 183.6, with price closing near 183.961 on the last candle. The prior daily candles show a series of higher lows and higher highs, forming a bullish trend that has been building since mid-April. The close above 183.989 (entry level) suggests strong momentum, supported by increased volume in the consolidation range, indicating institutional participation. Key support at 183.6 and resistance near 185.5 are critical levels; the current price action near support implies a potential reversal setup. The bullish bias is reinforced by the higher closing prices and…

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