EURJPY recently reversed up sharply from the strong support area lying between the powerful support level 116.500 (which has been reversing the price from last September) and the lower daily Bollinger Band. The upward reversal from this support area created the daily candlesticks reversal pattern Hammer. Given the strength of the aforementioned support area – EURJPY is likely to rise further in the active impulse wave (c) toward the next resistance level 117.700 (former strong support from March).