EUR/JPY broken major resistance, remain bullish for a further push up

The price has broken above our major resistance at 130.42 (Fibonacci retracement, horizontal resistance-turned-support) and we turn bullish looking to buy on dips above this level for a push up to at least 131.41 resistance (Fibonacci extension, horizontal swing high resistance).

RSI (34) sees a bullish exit of our long term descending resistance-turned-support signaling a change in momentum.

Buy above 130.42. Stop loss is at 129.95. Take profit is at 131.41.


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