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26.07.2023 05:53 AM
USD/JPY, H4 | Bounce off Supportl?

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The USD/JPY chart is displaying bullish momentum, with the price exceeding an important ascending trend line, indicating possible continued upward movement. Key levels include the 1st support at 140.76, a significant overlap support and 23.60% Fibonacci retracement, and the 2nd at 139.68, another overlap support at the 50% Fibonacci retracement. On the resistance side, the 1st level is at 141.93, acting as a swing high resistance and the 61.80% Fibonacci projection, while the 2nd resistance stands at 143.82, marking a pullback resistance and the 78.60% Fibonacci retracement

Dean Leo,
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