FX.co ★ USDJPY, H4 | Potential bullish reversal?

Price is currently testing 1st support at 132.673 which is an overlap support, if the price were to reverse from here, it could push up to 1st resistance which lines up with the 50% Fibonacci retracemnt and our 2nd resistance is 137.02 which is an overlap resistance.

However, if price

were to break below our 1st support, it could drop down to 2nd support at 130.56 which is an overlap support.