EUR/JPY - 4HRS CHART
POTNTIAL TARGET OF 157.72...

The EURJPY rally has extended past the 3/12 high at 155.75 so focus is now on 157.72. This is where the rally from 152.66 will equal the 150.74-155.75 rally. A rally to 157.72 would possibly complete a 3 wave correction of the 159.61-150.74 decline and give way to a similar decline. The short term bullish scenario remains intact as long as the 3/19 low at 154.78 remains solid.