USDJPY is facing bullish pressure, potential for more upside

Price is facing bullish pressure from the ascending trendline support as well as horizontal pullback support level which coincide with the 23.6% fibonacci retracement level as well as 100% fibonacci extension level. If price breaks below the ascending trendline, price might drop to 105.557 1st support level which coincides with 200% fibonacci extension as well as 50% fibonacci retracement.
Pivot: 105.842
Supporting Points:
23.6% fibonacci retracement, 100% fibonacci extension and horizontal pullback support

1st Support: 105.557
Supporting Points:
Horizontal swing low support, 50% fibonacci retracement and 200% fibonacci extension

1st Resistance: 106.225
Supporting Points:
Horizontal swing high resistance, -27.2% fibonacci retracement, 127.2% fibonacci extension

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