We have here charts of EUR/JPY of the forex market in two different time frames. On the left is the 3-hour chart with a 1-month time frame of the currency pair and had broken out of the downtrend’s resistance last Feb16. It’s currently moving on an ascending price channel and may seem bullish. The image on the right however is the daily chart with a 1-year time frame and what looks to be an upward trading range in the 3-hour time frame seem to look like a rising wedge for the dailies of EUR/JPY. Still, it can be either one of those and can only be confirmed by a breakout or breakdown.