FX.co ★ USDJPY, H4 | Potential Bearish Reversal?

The USD/JPY currency pair currently has a bearish momentum, and there's a significant resistance level at 148.76 (swing high and Fibonacci level) that could lead to a potential price decline towards the historical support at 146.50. Additional support exists at 144.82 (overlap), with an intermediate support at 147.24. Bearish divergence in the Relative Strength Index (RSI) suggests a potential reversal near the resistance level