FX.co ★ EURJPY remains bullish at good buying level.

Price is holding well above our buying level and is displaying better technical elements. 113.00 remains the key level to buy above (horizontal support + Fibonacci retracement). We highlight a new risk level to take 50% profit at 114.05; the stop loss should be moved to breakeven if it reaches this level and play the further rise to 114.65.

RSI (21) has reacted off 90% and as expected, has bounced off our pullback support showing a rise is resuming in price again.

Stochastics (21,5,3) is above our ascending support line showing a rise in progress.

Buy above 113.00. Stop Loss at 112.20. 1st Take profit at 114.05, 2nd Take profit at 114.65.