EUR/JPY is trading higher with sharp price move for the last few weeks, which looks like an impulse as shown on the 4h chart. As such, we are looking at a new wave count which shows idea of a completed triangle in wave B-circled followed by a current five wave rise in progress up to 120.50-121.00 area, which can be seen after a pullback down in subwave 4).
EUR/JPY, 4H