EURJPY currency pair recently reversed up from the support zone lying between the major support level 130.500 (former major resistance from April and March), lower daily Bollinger band and the support trendline of the daily up channel from March. The upward reversal from this support zone stopped the previous minor ABC correction 4. Given the prevailing daily uptrend and the bearish yen sentiment – EURJPY currency pair can be expected to rise further in the active impulse wave 5 toward the next resistance level 132.000.