Descending Trendline Breakout – Bullish Targets Ahead

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Descending Trendline Breakout – Bullish Targets Ahead EUR/JPYOANDA:EURJPYcuriofxPrice has decisively broken above a strong descending trendline that had been acting as dynamic resistance for an extended period, indicating a clear shift in market structure. This breakout suggests that sellers are losing control while buyers are stepping in with increased momentum. Before the breakout, price was consolidating near a well-defined demand zone, showing signs of accumulation. The move above the trendline confirms bullish intent, especially as price is now attempting to hold above this level—potentially turning previous resistance into new support. If this structure holds, the market is likely to continue its upward move toward the next key resistance levels marked as targets at 187.311 and 187.707. These zones represent areas where price may face reactions, but a strong bullish push could lead to continuation beyond them. Overall, as long as price maintains support above the broken trendline and continues forming higher lows, the bullish outlook remains valid. Any rejection or breakdown below the trendline, however, could signal a false breakout and shift the market back into consolidation or bearish pressure.