EUR/JPY is once again ready to challenge the resistance-area between 127.09 - 127.49 and a break above here will open up for a continuation towards 129.24 and ultimately a lot higher towards 135.46 and above. Short-term we see support 126.40 and short-term key-support at 126.07. A break below 126.07 will call for 125.11 before higher again.
R3: 128.25
R2: 127.72
R1: 127.09
Pivot: 126.58
S1: 126.40
S2: 125.92
S3: 125.56
Trading recommendation:
We are long EUR 125.85 and we will move our stop to 126.05 securing a profit not matter what happens.
