EURJPY recently paused its impressive three-day winning streak, currently trading around the 172.50 mark during European hours on Wednesday. The daily chart analysis reveals a persistent bullish trend as this currency pair navigates upward within a well-defined ascending channel. Traders observe critical support levels to maintain this upward momentum.

As the market unfolds, many analysts urge caution as fluctuations may occur in the near term. Watch closely for potential resistance levels as the pair continues to push higher within the prevailing trend. With technical indicators suggesting a robust bullish sentiment, the outlook for EURJPY remains positive as long as it respects the nine-day EMA support. Market participants should remain vigilant in their trading strategies to capitalize on any emerging opportunities.

Overall, the sentiment surrounding EURJPY remains bullish, driven by favorable market conditions and ongoing trends. The focus now is on the ability of the currency pair to maintain its position above key support levels and possibly aim for higher targets as investors track developments closely.