FX.co ★ EurJpy bulls maybe targeting 127.90/28.00. Flat for now

Technical outlook and chart setups:

Trend Is Your Friend, they say and the single currency pair is proving this time and again. If short positions would have been taken, 124.00 stops triggered easily; since the momentum is strong on higher sides. As depicted here, EurJpy bulls maybe targeting 127.90 levels, which is the next higher up in line on the weekly chart. Support is at 122.00 and 121.50 at the moment. Believe it or not, a pullback/correction should materialize any time soon and we shall remain posted about the same in the coming sessions. Flat for now.

Trading recommendations:

Flat for now. Again preparing to go short.

Good Luck!