The USDJPY currency pair on the Daily Chart has been in an uptrend since 26 August 2019 when it registered the low price of 104.453. Subsequently, the price displayed a series of higher tops and higher bottoms. On 18 September 2019, the USDJPY currency pair recorded the high price of 108.478. When applying Oscillator Analysis to the price chart, one can see that price is trading above the SMA 60 period Moving Average line, a fact which confirms the USDJPY currency pair's upward direction. Furthermore, the MACD (Moving Average/Convergence Divergence) Oscillator is recording values above the zero line which hints to the bullish bias of the financial instrument. Additionally, the RSI (Relative Strength Index) Oscillator registers values above the fifty line which indicates positive sentiment. All three technical indicators are in agreement with regards to the upward bias of the financial instrument. Three price targets may be calculated upon applying the Fibonacci tool to the price chart. The first price target is estimated at 107.268 (161.8%). The second price target is seen at 108.213 (261.8%). The third price target is projected at 109.742 (423.6%). The first and second targets were reached successfully. The presence of the Bearish Engulfing pattern hints at a potential rally to the downside. Of course, supply and demand as well as the crowd sentiment will determine the course of USDJPY currency pair.