The USD/JPY chart exhibits a bullish momentum, signaling an upward trend in the market.
Further upward movement is possible, targeting the first resistance level at 142.11, which aligns with the 61.80% Fibonacci retracement and serves as an overlap resistance.
Key support levels consist of the first support at 137.65 and the second support at 134.31, both recognized as overlap supports.
Moreover, the second resistance level at 144.99 holds significance as a notable pullback resistance, coinciding with the 50% Fibonacci retracement.
The material has been provided by InstaForex Company – www.instaforex.com
The USD/JPY chart exhibits a bullish momentum, signaling an upward trend in the market.
Further upward movement is possible, targeting the first resistance level at 142.11, which aligns with the 61.80% Fibonacci retracement and serves as an overlap resistance.
Key support levels consist of the first support at 137.65 and the second support at 134.31, both recognized as overlap supports.
Moreover, the second resistance level at 144.99 holds significance as a notable pullback resistance, coinciding with the 50% Fibonacci retracement.
The material has been provided by InstaForex Company – www.instaforex.com
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