We continue to look for more upside pressure towards 123.84 near-term. Before the next push higher, we could see a dip into the support-zone between 121.81 - 122.09 but the consolidation already seen could be enough to push EUR/JPY higher towards the next upside target at 123.84.
R3: 123.84
R2: 123.34
R1: 122.93
Pivot: 122.43
S1: 122.14
S2: 121.84
S3: 121.43
Trading recommendation:
We bought EUR at 122.25 and we have placed our stop at 121.25
