EUR/JPY Looking Bullish, but Approaching Resistance

I really don't like to sound redundant, I don't like repeating myself too much but I just cannot seem to keep repeating the similarity between this pair and the EUR/USD. It is no secret that the correlation between the two pairs has always been rather strong. On top of that the USD/JPY continues to be range bound so that helps this pair out as well. Briefly looking at the weekly chart I see that the stochastics is in the oversold zone looking to cross up, price has bounced off the lower Bollinger Band and angle and separation between the ema's is diminishing. Just like on the EUR/USD chart this pair has also broken its trend line and the 5 ema has crossed above the 13 and is beginning to cross above the 21 ema and the stochastics is pointing up.

Moving onwards to the 4 hour chart it is obvious price is riding the 13 ema but we are approaching last month's high. The upper Bollinger Band is open and pointing up, a clear sign of high volatility I believe we can break last months high but there will surely be a fight at the 104.95 price level. 104.92 just happens to be the weekly M4 and it is overlapped with a 138.2 fib extension of last weeks range so there is no doubt there will be a bit of resistance in this area but I do believe this resistance can be broken. The stochastics is in the trade zone pointing up. A break above 105.10 will make me comfortable to enter a long. Try to time it with the EUR/USD if it breaks 1.3700 at the same time EUR/JPY breaks 105.10 it could be a nice break for both pairs.