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EUR/JPY is now testing the 129.06 target and we should expect a temporary correction/consolidation before the next push higher towards 130.01 as the next minor upside target. Longer-term we continue to look for much higher levels at the unfolding uptrend gathers upside momentum.
Support is currently located in the 128.15 - 128.42 area.
R3: 130.01
R2: 129.84
R1: 129.38
Pivot: 129.06
S1: 128.85
S2: 128.67
S3: 128.35
Trading recommendation:
We are long EUR from 125.85 with our stop placed at 126.85
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