Emerging Channel Up pattern in its final wave was identified on the EURJPY 1 hour chart. After a strong bullish run, we find EURJPY heading towards the upper triangle line with a possible resistance at 174.1652. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
EURJPY is approaching a resistance line of a Channel Up. It has touched this line numerous times in the last 8 days.
