EUR/JPY: Bullish Move After Breakout

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EUR/JPY: Bullish Move After BreakoutEuro/Japanese YenFX:EURJPYlinofx1The EURJPY pair has successfully breached and closed above a significant daily/intraday resistance cluster, which was established based on the all-time high. This previously broken structure has now transitioned into a support level. Upon retesting this new support, the price action formed a minor cup and handle pattern on the hourly timeframe. Consequently, I initiated a long position upon the retest of the pattern's broken neckline.