EURJPY continues to fall inside the short-term impulse wave (iii), which previously broke the support area located between the support level 122.600 (low of wave 1 from the end of September) and the 38.2% Fibonacci correction of the upward impulse wave from May. Given the strengthening bearish euro sentiment seen across the currency markets today, EURJPY is likely to fall further toward the next support level 121.000 (target price for the completion of the active short-term impulse wave (iii)).