The USD/JPY chart currently displays bullish momentum, with the potential for a bullish continuation towards the 2nd resistance level as price broke above the 1st resistance level during the Asia session.
The 1st resistance level at 150.31 is identified as a pullback resistance level. Higher up, the 2nd resistance level at 150.58 is noted as a resistance level that aligns with the 100.00% Fibonacci projection level.
To the downside, the 1st support level at 149.97 is identified as a pullback support level. Additionally, the 2nd support level at 149.41 is marked as an overlap support.
The material has been provided by InstaForex Company – www.instaforex.com
The USD/JPY chart currently displays bullish momentum, with the potential for a bullish continuation towards the 2nd resistance level as price broke above the 1st resistance level during the Asia session.
The 1st resistance level at 150.31 is identified as a pullback resistance level. Higher up, the 2nd resistance level at 150.58 is noted as a resistance level that aligns with the 100.00% Fibonacci projection level.
To the downside, the 1st support level at 149.97 is identified as a pullback support level. Additionally, the 2nd support level at 149.41 is marked as an overlap support.
The material has been provided by InstaForex Company – www.instaforex.com
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