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

We remain bullish above 121.15 support (Fibonacci retracement, horizontal overlap support, bullish divergence) for a push up to 122.88 resistance (swing high resistance, Fibonacci extension) once again.

Stochastic (55,5,3) is seeing strong support above the 4.5% level and also sees bullish divergence vs price which signals a bounce is impending.

Buy above 121.15. Stop loss at 119.95. Take profit at 122.88.