EURJPY Buy Opportunity

Price bounced from 129.000 support level. RSI confirms price reversal and MACD supports upward movement. We have buy opportunity. Entry level for long trades can be higher than MA50 at 129.650 level. Stop orders must be placed below MA100. Profit targets can be the previous swing high and 132.00 resistance level. If the market reverses and drops below 129.00 support level and breaks MA100, we'll have new trading opportunities. Don't forget that all trades must be opened with stop orders and based on money management rules.