EUR / JPY — 4H Technical AnalysisEuro / Japanese YenCAPITALCOM:EURJPYAvo-TradesEUR / JPY — 4H Technical Analysis Structure Price is currently trading inside a converging structure: Ascending bullish channel (red trendlines). Descending resistance trendline (green). This creates a compression zone / triangle structure, where both buyers and sellers are active. Current Position Market is trading around 182.70, sitting between two major structures: Support: the rising red trendline near 182.0–182.2. Resistance: the descending green trendline around 183.5–184.0. Because price is trapped between these two trendlines, volatility is compressing. Support Zone The highlighted support area around 181.9 – 182.2 is a key demand zone. This zone previously triggered buying reactions and aligns with the lower structure of the channel. Bullish Scenario If price holds above the rising red trendline and support zone, the pair may attempt another push toward: 183.80 184.50 185.50 (upper structure area) A clear break above the descending green trendline would confirm bullish continuation. Bearish Scenario If price breaks and closes below 181.9, the bullish channel structure weakens and downside opens toward: 180.80 179.95 179.25 (major horizontal support) This would indicate a shift in short-term structure. Key Observation The pair is currently in a critical compression area, exactly where: ascending support descending resistance intersect. This type of structure usually leads to a strong directional move after breakout, but inside the zone the market is unstable and unreliable. Summary Current state: Neutral / compression Resistance: 183.5 – 184.0 Support: 181.9 – 182.2 Break above resistance → bullish expansion Break below support → bearish continuation For now, price remains inside the conflict zone, where probability is lower until one side clearly breaks. — Avo.Trades