USDJPY currency pair recently reversed up from the support area lying between the pivotal support level 113.000 (low of the daily Bullish Engulfing from the start of November, as can be seen from the daily USDJPY chart below), intersecting with the lower daily Bollinger Band and 38.2% Fibonacci correction of the extended upward price impulse from September. Given the reversal of the earlier strongly bullish yen sentiment seen across the FX markets today (on news new Covid-19 variant can be not very different from Delta variant), USDJPY can be expected to rise further toward the next resistance level 114.650.