EUR/JPY is bouncing up nicely, remain bullish for a further rise

The price has bounced up towards our profit target previously. Now we remain bullish above 119.45 support (Fibonacci retracement, horizontal pullback support, and recent swing low support) for a push up to 120.72 resistance (Fibonacci retracement, pullback resistance).

Stochastic (55,5,3) is seeing strong support above 4% and has also made a bullish exit signaling that we will see further bullish momentum.

Buy above 119.45. Stop loss is at 118.62. Take profit is at 120.72.

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