FX.co ★ USDJPY H4 | Falling to support level?

The USD/JPY chart displays a bearish trend. The price might react bearishly at the 1st resistance (149.02) influenced by a swing high and the 161.80% Fibonacci Extension, potentially dropping to the 1st support at 148.47. Another key support is at 147.94, while the 2nd resistance is at 150.19, both highlighting potential reversal points.