USDJPY continues to rise after this currency pair reversed up from the pivotal support level 103.000 (former monthly low from December) – standing near the lower daily Bollinger Band. The upward reversal from the support level 103.000 created the daily Japanese candlestick reversal pattern Piercing line – which started the active impulse wave (3). Given the rising US dollar bullish sentiment seen across the currency markets today as well the bullish divergence on the daily RSI indicator – USDJPY is expected to rise further toward the next resistance level 103.900 (former resistance level from the end of December).