Is a new round of decline impending?

The latest prices of USD/JPY are fluctuating around the range of 1.43922 to 1.44275, with an average price of 1.43917. The earlier pullback from higher levels indicates some downward pressure. On the upside, the pair may encounter resistance near the 144.20 level, with the next key resistance at around 144.50 and the first major resistance at 145.00. A close above the 145.00 level could lay the foundation for further gains.

Under the above scenario, the pair may even break through the 146.00 resistance level, with the next major target for bulls near the 147.80 resistance level.
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