USDJPY currency pair recently reversed up with the daily reversal pattern Bullish Engulfing from the support zone lying between the key support level 109.600 (which stopped the price at the start of July), lower daily Bollinger band, 100-day moving average and the support trendline of the daily down channel from the end of June. The upward reversal from of this support zone stopped the previous corrective wave 2. Given the strength of the active uptrend – USDJPY currency pair can be expected to rise further in the active impulse wave 3 toward the next resistance level 111.000.