FX.co ★ USD/JPY H4 | Bullish Reversal

USD/JPY demonstrates potential for a bullish trend reversal, as suggested by the analysis of key support and resistance levels:

Support Levels:

1st support: 149.81, marked as a "Pullback support." This level signifies a point where buying interest may emerge, potentially halting a downward move.

2nd support: 148.89, supported by an "Overlap support." It further reinforces the support zone, suggesting a region where buyers might intervene.

Resistance Levels:

1st resistance: 150.80, identified as a "Pullback resistance." This level presents a significant barrier to further upward movement.

2nd resistance: 151.41, characterized by a "Pullback resistance." It further strengthens the resistance zone, indicating a potential reversal point.