USDJPY currency pair recently reversed up from the key support level 127.000 (which stopped the earlier corrections (ii) and (4) as can be seen below), lower daily Bollinger Band and the 50% Fibonacci correction of the earlier upward impulse from March. The upward reversal from the support level 127.00 continues the active intermediate impulse waves (5). Given the prevailing uptrend, USDJPY currency pair can be expected to rise further toward the next resistance level 129.000.