EURJPY currency pair is under strong bullish pressure today after the earlier upward reversal from the support area located between the key support level 135.000 and the 38.2% Fibonacci correction of the upward impulse from the start of March. The upward reversal from this support area started the active impulse wave (3). Given the continued bullish euro sentiment, coupled with widespread yen outflows that can be seen across the FX markets today – EURJPY currency pair can be expected to rise further
toward the next resistance level 139.000.