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FX.co ★ USDJPY H4 I Bouncing off Support level?

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Forex Analysis:::2023-11-02T03:54:40

USDJPY H4 I Bouncing off Support level?

USDJPY H4 I Bouncing off Support level?

The USD/JPY chart currently shows bearish momentum with potential for a bearish continuation towards the 1st support at 149.96, a pullback support. The 2nd support at 149.91 is also an overlap support, reinforcing its significance. On the resistance side, the 1st resistance at 150.77 is a pullback resistance, while the 2nd resistance at 151.70 is a swing high resistance. An intermediate resistance at 150.43 adds to potential resistance areas.

Analyst InstaForex
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