EURJPY: Ascending Channel & Demand ConfluenceEUR/JPYOANDA:EURJPYChamp_of_GoldThe Analysis EUR/JPY is maintaining a strong bullish posture within a well-defined Ascending Channel. After a period of consolidation, price has established a new Demand Zone at the 183.70 level. This area aligns perfectly with the lower boundary of the channel, offering a high-probability entry point for a continuation toward the major overhead Resistance. Trade Parameters Entry Zone: 183.71 – 184.00 (Touch of Channel Support/Demand) Stop Loss: 183.11 (Below the structural demand zone) Take Profit: 186.12 (Primary Resistance Target) Risk/Reward: 1:3.4 Educational Caution Always wait for a bullish rejection (like a 1H Hammer or Engulfing candle) at the demand zone to confirm buyer presence. Ensure your position size reflects a strict 1-2% risk model to protect against volatility. Note: This analysis is for educational purposes only and is not financial advice. Manage your risk according to your own plan.