EURJPY recently reversed down with the daily Japanese candlesticks reversal pattern Shooting Star from the resistance area lying between the powerful resistance level 127.100 (which stopped the previous intermediate impulse wave C at the start of September) and the upper daily Bollinger Band. Given the rising risk-off sentiment seen across the markets today and the resultant yen bullishness – EURJPY is expected to fall further on safe haven demand toward the next support level 125.650 (low of the previous minor correction (iv)) – followed by the support level 125.150.