USD/JPY drops to 6-month low

Today, there is a pronounced downward trend on the hourly chart of the USD/JPY pair and the price has dropped to a 6-month low. The price has been steadily declining since April 9, 2025, remaining below the MA (200) H1 moving average (143.30), which confirms the dominance of bearish sentiment in the market. The last phase of the decline began after the breakdown of the support level of 141.60, which increased the pressure from sellers. The next significant support level is around 140.30, where a temporary stop of the decline or a technical rebound is possible. The MACD indicator also confirms the downward movement: the histogram goes deep into the negative zone, which indicates an increase in the bearish momentum. The absence of signs of divergence indicates the continuation of the current trend. The overall picture remains negative, and if the current dynamics are maintained, a move towards the next support near 140.30 and below is possible.

Resistance levels are: 141.60, 143.30, 144.20

Support levels are: 140.30, 139.60, 139.00

The main scenario for the pair's advance implies a breakout of support at 140.30 (Sept 17 low) and a possible decline to 139.60 (Sept 16 low) 

An alternative scenario assumes a breakout of 141.60 (April 16-17 low), an increase towards the MA (200) H1 (143.30) and then, maybe, to 144.20 (high of the American session on April 11)