EUR/JPY Breakout On the Horizon?EURO / JAPANESE YENFX_IDC:EURJPYCityIndexThe daily chart shows an established uptrend on EUR/JPY, which is respecting the 20-day EMA as support. Prices have been within a consolidation the past couple of weeks which a symmetrical triangle. The pattern projects an upside target near the monthly R1 pivot, just above the 183 handle. Bulls could seek dips within Monday's range in anticipation of a break above the November high and run towards 183. Matt Simpson, Market Analyst at City Index.