USDJPY currency pair recently reversed up from the support zone lying at the intersection of the support level 120.750 (former resistance level from April, acting as the support after it was broken by the previous upward impulse wave), 38.2% Fibonacci correction of the upward impulse from the start of April and the support trendline of the daily up channel from March.
Given the powerful daily uptrend – USDJPY currency pair can be expected to rise further toward the next resistance level 130.85 (which reversed the price at the end of last month).