EURJPY currency pair continues to fall after breaking the support zone located between the key support level 135.000 (low of the previous minor correction A from last month) and the 38.2% Fibonacci correction of the earlier sharp upward impulse from the start of March. The breakout of this support zone accelerated the active impulse waves (iii) and C.
Given the strongly bullish yen euro sentiment that can be observed across the currency markets today – EURJPY currency pair can be expected to fall further toward the next support level 132.200 (former resistance from February).