EURJPY currency pair recently reversed up from the support area located between the key support level 131.000 (former top of the impulse wave (i) from the end of April) and 50% Fibonacci correction of the pervious upward impulse wave (iii). The upward reversal from the support level 131.000 continues the active impulse waves (iii), 3 and (3). Given the prevailing daily uptrend – EURJPY currency pair can be expected to rise further toward the next resistance level 132.320 (which stopped the previous impulse wave (iii) at the end of April).