EUR/JPY rising perfectly, remain bullish for a further rise

Price has made a bullish exit from our triangle formation as expected. We remain bullish above 124.34 support (Fibonacci retracement, horizontal overlap support) for a further push up to at least 125.06 resistance (Fibonacci extension, Elliott wave theory).

RSI (34) sees a long-term ascending support line hold price up really well and keep our bullish view.

Buy above 124.34. Stop loss at 123.99. Take profit at 125.06.


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