According to modern
The decline from that
Currently, the pair is getting close to the C = A target at 138.29, with a (1.236 x A) classic Fibonacci extention just below at 137.66. This 137.66 - 138.29 area is where we expect the corrective structure to complete and the pair to turn higher.
From this zone, EURJPY could be primed for new highs above 142.47, or could put in three waves higher to reach the previous B wave area. As a result, we don't like selling the pair at this time and instead favor buying dips as part of the pullback to the upside.