FX.co ★ EUR/JPY profit target reached again, prepare to buy

The price is approaching major support at 129.13 (Fibonacci retracement, horizontal overlap support) and we expect to see a bounce above this level to push the price up to at least 130.04 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is seeing strong support above 4.6% where we expect a corresponding bounce from.

Buy above 129.13. Stop loss is at 128.46. Take profit is at 130.04.