The EUR/JPY pair has paused its three-day ascent, currently trading around 168.80 during the Asian hours on Tuesday. Recent technical analysis indicates that this currency cross is attempting to break past the ascending channel, reinforcing a bullish outlook.

Technical analysts suggest that a successful breach could open up further upward potential for EUR/JPY. Traders are closely monitoring these developments as they indicate potential trading opportunities.

These market movements showcase the importance of technical indicators in forex trading. Prepare for potential volatility as key price levels approach.