FX.co ★ NawazSharif | EUR/JPY

The prevailing market conditions have created a fertile ground not only for substantial profits but also for an encouraging outlook suggesting further upward momentum. The emergence of the upper volume zone as a significant target for bullish traders amplifies this optimism. Yet, amidst this positive scenario, it is paramount to uphold vigilance against potential downside risks that could thwart the ongoing upward trend.Variables such as unexpected economic data releases, resurfacing geopolitical tensions, or abrupt shifts in market sentiment all loom as potential threats to the pair's upward trajectory. This underscores the critical importance of adopting a cautious stance and being fully prepared to address any obstacles that may emerge along the way.In essence, the sustained upward movement of the pair paints a compelling. picture of resilience and market fortitude. As investors navigate through the maze of uncertainties, it becomes increasingly imperative to remain well-informed and adaptable in order to grasp the opportunities presented by the ever-evolving market dynamics. Proactively monitoring developments and fine-tuning strategies accordingly will be indispensable for harnessing potential gains while effectively managing risks.spectrum, surged past the additionally designated downward oblique level on the TF-H1, showcasing a remarkable journey from the depths to the heights. Continuing its ascent, it now stands on the cusp of breaching the upper boundary of the channel. Upon reaching the first upper target, a critical juncture emerges as it ventures into the resistance zone spanning from 164.40 to 163.94. This zone represents a formidable barrier, and only through a test and consolidation above it can the pair forge ahead towards the upper volume zone delineated by the range of 164.82 to 165.23. This zone serves as a protective shield, safeguarding the upper edge of the triangular formation from a northward breakout. Should the pair designated downward oblique level TF-H1 and continued its upward movement towards the upper boundary of the channel, it reached the first upper target, having entered the resistance zone 164.40-163.94 with a test, consolidation above which will continue its growth to the upper volume zone 164.82-165.23, which protects the upper edge of the triangular figure from exiting in the north direction, and a rebound from the tested zone will allow us to consider a decline to the support.