EURJPY currency pair under the bullish pressure after the pair broke the pivotal resistance level 137.000 (which stopped the previous impulse waves (1) and 1, as can be seen from the daily EURJPY chart below). The breakout of the resistance level 137.000 accelerated the active impulse waves 3 and (3).Given the strong daily uptrend and the rising bearish yen sentiment that can be seen on the FX markets today – EURJPY currency pair can be expected to rise further toward the next resistance level 139.000.
