FX.co ★ EUR/JPY profit target almost reached, remain bullish

Price has been rising nicely towards our profit target. We remain bullish above 122.54 support (Fibonacci retracement, horizontal swing low support) for a push up to 123.27 resistance (Fibonacci retracement, a previous swing high).

Stochastic (21,5,3) has made a bullish exit signalling a bullish reversal is in progress.

Buy above 122.35. Stop loss at 121.96. Take profit at 123.27.