• The daily chart reveals the RSI steady in positive zone, showing consistent bullish momentum.
• On the hourly chart, RSI and MACD persist in positive territory, indicating robust buying traction.
• If the bears don’t show up, the pair may be poised for a retest of the cycle highs above 170.00.

The EUR/JPY pair is steadily maintaining its upward trajectory, with a decisive rise to 167.64 in Thursday's session. Buyers consolidate near cycle highs while bears are nowhere to be seen.

On the daily chart, the Relative Strength Index (RSI) is noted in the positive territory. A consistent upward trend has unfolded over recent sessions, with the current RSI value at 59.8, showcasing continuous bullish momentum. Concurrently, the Moving Average Convergence Divergence (MACD) shows red bars decreasing in length, which suggests the decelerating negative momentum