USD/JPY reversed from support area
#USDJPY continues to rise after the recent upward reversal from the support zone lying between the key support level 109.00 (monthly low from June), lower daily Bollinger Band and the 50% #fibonacci correction of the earlier sharp upward price impulse from September of 2016. The upward reversal from this support zone started the active minor impulse wave 3. USD/JPY is expected to rise to the next buy target at the next resistance level 112.00 (top of the previous correction (b)).