USDJPY currency pair recently reversed up from the support area located between the support level 137.150 (former upper boundary of the sideways price range from the middle of last month) and the 38.2% Fibonacci correction of the upward impulse from the end of June. The upward reversal from this support area started the active short-term upward impulse wave 5. Given the clear bullish uptrend that can be seen on the daily charts, USDJPY currency pair can then be expected to rise further toward the next resistance level 139.350 (top of the previous minor impulse wave 3).