The EUR/JPY is trading on a 4-hour frame within an upward trend, and the pair is currently bouncing from the rising trend line, as shown in the chart.
Accordingly, it can be expected to rise from the current levels, targeting the 175.50 levels again, which is the highest peak that the pair has reached recently, on the condition of stability above the trend line, and the analysis may fail if the trend line is broken and closed below the 169.00 levels.
