USD/JPY remains below MA (200) H1

Today, the USD/JPY pair is experiencing a steady downward trend on the hourly chart. The price is below the MA (200) H1 moving average (145.35), which confirms the bearish market sentiment. The MACD indicator is in the negative zone, which also indicates the predominance of sellers. Although there are short-term reversal attempts, the histogram remains mostly below the zero line, and the intersections of the signal lines do not show sustained bullish momentum. In the event of a breakdown of the support level of 142.05, a further decline can be expected with a possible target around 140.50. To confirm the upward reversal, it is necessary to firmly consolidate the price above 144.20 and break through 145.35, which will be the first signal for a change in the medium-term trend. For now, the priority of trading downwards remains when approaching resistance levels.

Resistance levels are: 144.20, 145.35, 148.30

Support levels are:  142.05, 141.65, 140.30

The main scenario for the pair's advance implies a breakout of support at 142.05 (April 11 low) and a possible decline to 141.65 (Sep 30 low) 

The alternative scenario assumes a breakout of the resistance of 144.20 (high of the American session on April 11), an increase to MA (200) H1 (145.35) and there may be an increase to 148.30 (April 9 high)