EUR/JPY testing major support, remain bullish

The price continues to bounce up nicely from our buying area. We remain bullish looking to buy above major support at 132.01 (Fibonacci retracement, horizontal overlap support, Fibonacci extension, bullish divergence) for a push up to 134.15 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (34,3,1) is seeing strong support above 2.5% where we expect a bounce from.

Buy above 132.01. Stop loss is at 130.45. Take profit is at 134.15.

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