On the H1 chart for EUR/JPY, the recent price action reveals a consolidation phase following a downtrend. The last few candles show a range-bound structure with the price hovering around 184.50, testing key support levels multiple times. Notably, the most recent candle closed at 184.528, near the upper boundary of this consolidation, indicating potential bullish exhaustion. Volume has been declining during this phase, suggesting reduced selling pressure and a possible shift in momentum. The pair's recent closes above the 184.50 support level, combined with a bullish engulfing pattern in the final candle, signals a potential reversal. With the price nearing…

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