Wave summary:

EUR/JPY is now testing the minor resistance-line from 131.40. This resistance-line might be able to hold back the rise of a minor corrective decline back to 128.38 before a new strong rally is expected this time for a clear break above this resistance-line and higher to 130.40 and 131.40 on the way higher towards 137.36.

R3: 131.40

R2: 130.40

R1: 129.50

Pivot: 129.14

S1: 128.90

S2: 128.38

S3: 128.27

Trading recommendation:

We are long EUR from 128.50 with stop placed at 127.75. If you are not long EUR yet, then buy near 128.38 and use the same stop at 127.75.