EURJPY currency pair recently reversed up from the support area lying between the key support level 128.000 (previous monthly low form August) and the lower daily Bollinger Band. The upward reversal from this support area started the active short-term corrective wave 2 – which belongs to the higher-order impulse wave (C) from the start of September. Given the strength of the aforementioned support area and continued yen outflows – EURJPY currency pair can be expected to rise further toward the next resistance level 129.700 (top of the previous wave (b)).