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FX.co ★ EURJPY buy above support one last time

EURJPY buy above support one last time

We look to buy one more time above 119.65 support (major horizontal support, Fibonacci retracement, and EUR/USD positive correlation) for a push up to 121.08 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic (21,5,3) sees strong support above the 6% level.

Buy above 119.62. Stop loss is at 118.63. Take profit is at 121.08.

EURJPY buy above support one last time

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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