FX.co ★ USDJPY Day | Bullish continuation expected?

USD/JPY displays bullish momentum within an ascending channel, potentially moving towards the 1st resistance. The 1st support at 144.93, aligned with the 38.20% Fibonacci Retracement, may provide strong support, reinforced by the overlap support at 148.02. On the resistance side, the 1st resistance at 151.90, acting as a swing high resistance and coinciding with the 161.80% Fibonacci Extension, may limit bullish advances