FX.co ★ USDJPY, H4 | Bounce off support?

The USD/JPY chart is trending bearish with a recent break below an ascending support line signaling potential continued bearish behavior. Despite this, there's potential for a bullish reversal from the 1st support level at 0.8529, which could push the price upwards to the 1st resistance level. Intermediate support is identified at 0.8445, aligning with the 61.80% Fibonacci retracement level. The 1st and 2nd resistance levels are located at 138.7200 and 140.9200, respectively, both acting as possible points of selling pressure and upper price bounds.