EUR/JPY broke above the double-bottom neckline at 125.17. It calls for a continuation higher to the former peak at 127.02 and ideally closer to the double-bottom target at 129.06. In the short-term, EUR/JPY may break above the neckline and rise to 127.02.
Support is now seen at 125.47 and at 125.17.
R3: 127.55
R2: 127.02
R1: 126.48
Pivot: 126.07
S1: 125.47
S2: 125.17
S3: 124.58
Trading recommendation:
We are long EUR from 123.46 and we will raise our stop to 124.80
