EURJPY: Important Bullish Breakout & New High 🇪🇺🇯🇵

EURJPY is trading in a long-term bullish trend.
The price formed a huge ascending triangle formation on a daily,
perfectly respecting 159.8 - 160.0 resistance.

Yesterday, the pair formed an imbalance bullish candle
and successfully closed above the neckline of the pattern,
setting a new higher high higher close.

It will most likely push the prices to the new highs.

Next resistance - 162.5

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Comment:

The daily candle closed respecting a broken resistance