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

Price has bounced up perfectly and reached our profit target. We prepare to sell once again on major resistance at 130.64 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance) for a strong push down to at least 129.37 support (Fibonacci extension, horizontal swing low support, fill price gap).

Stochastic (34,3,1) is seeing major resistance below 96% and we expect a corresponding reaction off this level similar to the one we're expecting on price.

Sell below 130.64. Stop loss at 131.15. Take profit at 129.37.