FX.co ★ EUR/JPY reached profit target, trend turns bullish

The price dropped perfectly as expected and reached our profit target. We turn bullish above 114.11 major support (Fibonacci retracement, Fibonacci projection, horizontal support) for a push up to 116.19.

RSI (34) is on support.

Stochastics (21,5,3) is also on support signalling a bounce is impending.

Buy above 114.11. Set stop loss at 113.34 and take profit at 116.19.