FX.co ★ EURJPY bouncing nicely, remain bullish

The price has bounced off nicely at the 118.70 support (Fibonacci retracement, horizontal support, Fibonacci extension). We look to buy above this level to play a push up to at least 120.66 (Fibonacci retracement, horizontal pullback resistance).

Stochastic (21,5,3) is seeing strong support above the 6.4% level.

Buy above 118.70. Stop loss at 117.47. Take profit at 120.66.