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

The price has dropped absolutely perfectly from our selling area and has reached our profit target. We now prepare to buy above major support at 132.01 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a push up to 134.15 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (34,3,1) is seeing strong support above 2.5% where we expect a bounce from.

Buy above 132.01. Stop loss is at 130.45. Take profit is at 134.15.