FX.co ★ USDJPY, H4 | Bullish continuation expected?

The USD/JPY chart is currently displaying a bullish momentum, indicating a potential upward trend. This suggests that the price may continue to rise towards the 1st resistance level. The 1st support level at 144.91 holds significance as it serves as a pullback support, and the 2nd support at 143.85 further supports the potential for a bounce back up. However, there is 1st resistance at 146.09, which aligns with a 78.60% Fibonacci Projection and may hinder further upward movement. And 2nd resistance level at 147.33, associated with a 100% Fibonacci Projection, adds to the likelihood of resistance at this level.