EUR/JPY is fighting to maintain the rally in wave D intact, but obviously it’s becoming quite a struggle. However, as long as minor support at 133.24 is holding firm, the uptrend remains firmly in place for a possible push higher to 134.80 and 136.14 on the way towards the ideal wave D target at 137.36.
If however support at 133.24 is broken, that will weaken the uptrend and call for a decline to at least 132.00, before the possibility of a new rally higher.
We are long EUR from 131.76. We will lift our stop to 133.15. We will take half profit at 134.80.