FX.co ★ EurJpy Rally Probably Into Last Upswing Before A Meaningful Reversal/Pullback

Technical Outlook and Chart Setups:

As it is depicted above, now it is recommended to move risk/stop-loss to 103.00/10 levels. We might have entered into last upswing left in the single currency pair around 104.50/70 levels before a meaningful reversal/pullback begins. Intermediary support is now at 103.00 level while 101.00 is strong support. Intermediary resistance is placed around 104.00 level at the same time. It is recommended to buy intra dips towards 103.50/60 considering the risk/reward ratio. Bullish for now.

Trading Recommendations:

Stay long for now, move stop-loss to 103.00/10 levels. Target 104.50.

Good Luck!