Is EURJPY likely to continue upwards to 130.987?

Is EURJPY likely to continue upwards to 130.987?


EURJPY             weekly chart has rejected the bearish candle from the support level at 124.583.

On daily, after two rejection candles it’s testing the next level.

At 4 hourly chart the price action is consolidating just below 127.131. If the level is broken, there is a likelihood of this trade going up all the way to 130.987 with TP1 @ 127.644, TP2@ 128.076, TP3@ 129.361 and TP4 @ 130.987.

Stop loss just below last swing.

I have placed a buy stop order and waiting for the trade to trigger off.

RP