USDJPY currency pair recently reversed up from the support area located between the pivotal support level 113.000, lower daily Bollinger Band, support trendline of the daily down channel from October and the 50% Fibonacci correction of the upward price impulse from the start of October, as can be seen from the daily USDJPY chart below. The upward reversal from this support area stopped the previous minor correction 4. Given the strength of the pervious upward impulse wave, USDJPY currency pair can be expected to rise further toward the next resistance level 114.000 (which reversed the price multiple times from the end of October).