EURJPY under bullish pressure after the earlier breakout of the resistance zone lying between the resistance level 122.500, resistance trendline of the daily up channel from the end of 2018 and the 61.8% Fibonacci correction of the previous share downward impulse wave 1 from the start of June. Given the powerful bullish sentiment affecting euro today – along with the rising bearish yen sentiment – EURJPY is likely rise further toward the next resistance level 123.750 (target price for the completion of the active ABC correction 2).