EURJPY continues to fall inside the short-term corrective wave 4, which started recently from the resistance area located between the key resistance level 122.500 (former double top from December), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp downward impulse wave from last April. Given the strength of the aforementioned resistance area and the moderate bullish sentiment affecting the Yen at the moment – EURJPY is likely to fall further toward the next support level 121.000 (target price for the termination of the active correction 4).