EUR/JPY started December by testing the important neckline resistance at 125.17 once this neckline finally gives away, that will open up for a rally towards the former peak at 127.02 and ideally closer to the 129.06 target.
Short-term, support is seen near 124.34 and agian at 123.90.
R3: 126.43
R2: 125.91
R1: 125.42
Pivot: 125.17
S1: 124.34
S2: 123.90
S3: 123.55
Trading recommendation:
We are long EUR from 123.46 and we will move our stop higher to 123.80.