FX.co ★ USD/JPY H4 | Resistance overhead

The USD/JPY chart suggests a potential resistance for this currency pair with key support and resistance levels as follows:

Resistance Level:

The 1st resistance level at 148.63 is identified as a "Pullback resistance". This level may act as a significant barrier to further upward movement.

The 2nd resistance level at 149.73 is also identified as a "Pullback resistance", where price could face further resistance.

Support Levels:

The 1st support level at 147.69 is marked as a "Pullback support". It represents a potential area of buying interest and could act as a key support zone.

The 2nd support level at 146.43 is also identified as a "Pullback support". This level is another important support zone where price could find strong support.