EUR/JPY profit target reached perfectly, remain bullish for a further push up

The price has shot up and reached our profit target perfectly. We remain bullish looking to buy above major support at 132.28 (Fibonacci retracement, horizontal pullback support, cup and handle support) for a push up to 133.12 resistance (Fibonacci extension, cup and handle potential, Fibonacci retracement).

Stochastic (89,3,1) is starting to bounce up nicely from our 2.7% support with good upside potential.

Buy above 132.28. Stop loss is at 131.79. Take profit is at 133.12.

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