FX.co ★ USD/JPY H4 | Bullish Momentum

The USD/JPY chart suggests a potential bullish scenario with a focus on a continuation towards the resistance levels. Here are the key support and resistance levels:

Resistance Levels:

The 1st resistance level at 148.22 is identified as an "Overlap resistance". This level could act as a barrier to further upward movement.

The 2nd resistance level at 149.73 is labeled as a "Pullback resistance". It represents another level where selling pressure could emerge and hinder the price from moving higher.

Support Levels:

The 1st support level at 146.46 is a significant support zone, marked as "An Overlap support". This level may attract buying interest and potentially act as a floor for the price.

The 2nd support level at 144.79 is also labeled as a "Pullback support". It serves as an additional support zone where traders might consider entering long positions.