FX.co ★ EUR/JPY right above strong support, remain bullish

We remain bullish above the 119.65 support (major horizontal support, Fibonacci retracement) for a push up to the 121.08 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic (21,5,3) is seeing a strong support above the 6% level and also displays bullish divergence vs the price signalling a bullish reversal, which is expected soon.

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