EUR/JPY is now testing resistance at 125.09 and a break above here calls for a rally towards the former top at 127.02. The former peak at 127.02 should only prove to be a temporary top before the next push higher towards at least 128.43 and likely even closer to 129.24.
Support is now seen at 124.36 and again at 124.14.
R3: 125.68
R2: 125..35
S1: 125.09
Pivot: 124.70
S1: 124.58
S2: 124.36
S3: 124.14
Trading recommendation:
We are long EUR from 123.48 and we will raise our stop to 123.90
