FX.co ★ EURJPY bouncing nicely, remain bullish

We remain bullish with the price making a bullish pullback to its descending resistance-turned-support line. The goal is to buy above the 119.05 support (Fibonacci retracement, pullback support) for a further push up to the 120.23 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (55,5,3) has made a bullish pullback signalling there is further upside potential.

Buy above 119.05. Stop loss at 118.19. Take profit at 120.23.