EURJPY currency pair recently reversed up from the support zone located at the intersection of the key support level 127.560 (which has been reversing the pair from the end of November) and the lower daily Bollinger Band. The upward reversal from this support area stopped the earlier medium-term corrective wave (2). Given the bullish divergence on the daily Stochastic and the rising bullish euro sentiment seen across the currency markets today, EURJPY currency pair can be expected to rise further toward the next resistance level 129.600 (top of the previous impulse wave (1)).