EURJPY buy above support one last time

We look to buy one more time above 119.65 support (major horizontal support, Fibonacci retracement, and EUR/USD positive correlation) for a push up to 121.08 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic (21,5,3) sees strong support above the 6% level.

Buy above 119.62. Stop loss is at 118.63. Take profit is at 121.08.

The material has been provided by InstaForex Company - www.instaforex.com