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FX.co ★ USD/JPY H4 | Bullish continuation expected

USD/JPY H4 | Bullish continuation expected

USD/JPY H4 | Bullish continuation expected

The USD/JPY chart analysis suggests a potential bullish continuation for price with the following key resistance and support levels:

Resistance Levels:

The 1st resistance level at 148.68 is identified as a "Pullback resistance". This level represents a significant barrier for upward price movement.

The 2nd resistance level at 149.75 is also labeled as a "Pullback resistance", indicating another critical resistance zone.

Support Levels:

The 1st support level at 146.62 is described as an "Overlap support". It represents a key support level where buyers may step in.

The 2nd support level at 144.82 is noted as a "Pullback support". This level can serve as additional support below the first level.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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