EUR/JPY is ready for the next run higher towards the 129.06 target. Once this target is hit, we should see a minor correction/consolidation before the next push higher towards 132.87 and 137.50 as the next more serious upside targets.
Long-term, we continue to look for much higher levels with key-support seen at 127.06
R3: 129.06
R2: 128.65
R1: 128.36
Pivot: 128.26
S1: 128.10
S2: 127.66
S3: 127.06
Trading recommendation:
We are long EUR from 125.85 with our stop placed at 126.85.