FX.co ★ EUR/JPY bounced perfectly above support, remain bullish

The price has bounced perfectly above our support and is reaching our profit target. We remain bullish above 119.64 support (Fibonacci retracement, Fibonacci extension, and horizontal support). Target would be 120.66 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic (21,5,3) is seeing strong support above the 6.4% level.

Buy above 119.64. Stop loss is at 119.16. Take profit is at 120.66.