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- USD/JPY shows steady decline
USD/JPY shows steady decline
Today, the USD/JPY hourly chart shows a steady downward movement after reaching a peak above the level of 148.70. The price has broken through several support levels and continues to decline. The current price is around 144.50, with the nearest support located at 144.10, and the next at 143.45. The MA (200) H1 moving average also shows a downward bias, reinforcing the bearish trend signal. The MACD indicator is in the negative zone, which confirms the dominance of sellers. At the same time, the MACD histogram is slightly decreasing, which may indicate temporary stabilization or a possible attempt at upward correction. However, as long as the price remains below 145.50 and the moving average, the overall direction remains downward.
Resistance levels are: 145.50, 146.00-25, 147.65
Support levels are: 144.10, 143.45, 142.35
The main scenario for the pair's advance suggests a breakout of the session low of 144.10 and a possible decline to 143.45 (May 8 low)
An alternative scenario assumes a breakout of the session high of 145.50 and there may be an increase to 146.00-25 (May 15-16 high, MA (200) H1)
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