EURJPY currency pair recently reversed up from the pivotal support level 139.110 (former resistance from the middle of April), 20-day moving average and the 50% Fibonacci correction of the upward impulse wave (i) from start of May. The upward reversal from the support level 139.110 started the active minor impulse wave (iii). Given the clear daily uptrend and the strengthening euro bullish sentiment , EURJPY currency pair can be expected to rise further toward the next resistance level 144.000 (top of the previous impulse wave (i)).
EURJPY reversed from support level 139.110 ; Likely to rise to resistance level 144.000.
