USD/JPY chart shows bullish momentum with the price above an ascending trendline. The first support level at 137.65, an overlap support and 50% Fibonacci retracement, is significant for buyers. The second support at 134.31, a multi-swing low support, serves as a strong defense against price declines. The first resistance at 142.11, an overlap resistance and 61.80% Fibonacci retracement, poses a challenge to upward movement. The second resistance at 144.99 acts as a pullback resistance and potential barrier to price increases.
