FX.co ★ USDJPY H4 I Risig in the short term?

The USD/JPY chart currently shows bullish momentum, indicating a potential bounce from the 1st support at 150.26, which coincides with the 61.80% Fibonacci Retracement level. The 2nd support at 149.28 is a swing low support, reinforcing its significance. On the resistance side, the 1st resistance at 151.71 is a multi-swing high resistance, likely to attract selling interest. The 2nd resistance at 152.66 corresponds to the -27% Fibonacci Extension level, indicating a potential zone for selling pressure. Overall, there's potential for a bullish bounce towards the 1st resistance after finding support at the 1st support level.