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

Price has dropped perfectly to our profit target as expected. We prepare to buy above major support at 129.34 (Fibonacci extension, horizontal swing low support, Fibonacci retracement) for a push up to at least 130.66 resistance (Fibonacci retracement, horizontal swing high resistance).

Stochastic (34,3,1) is seeing strong support above 1.45% and we expect a bounce above this level soon.

Buy above 129.34. Stop loss at 128.44. Take profit at 130.66.