EUR/JPY 1H Chart Analysis –Bullish Rebound from Key Support Zone

🔵 Trend & Structure:

⏫ Uptrend Channel (now broken)

The price was moving in a rising channel.

❌ Breakdown from the channel shows loss of bullish momentum.

🟦 Key Zones:

🔷 RBS + RBR Zone (Strong Support)
🔽 Price is currently sitting on this zone.
📍Potential bounce area → watching for bullish reaction.

🟥 Resistance Zone (Short-term hurdle)
🔺 Might be retested before moving higher.

📘 Target Point: 163.911
🎯 Bullish move expected if price confirms bounce.
📈 Potential target marked with a clear label.

📉 EMA 70 (Red Line):
➖ Acting as resistance near 162.518
⚠️ Price must close above this level for stronger bullish confirmation.

📌 Summary:

✅ Buy Zone: 162.000 – 162.200 (RBS + RBR)

🔁 Retest Zone: ~162.500

🎯 Target: 163.911

⚠️ Watch for Rejection below EMA or resistance zone.