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- USD/JPY rose slightly above MA (200) H1
USD/JPY rose slightly above MA (200) H1
Today, on the hourly chart, USD/JPY is showing a steady recovery after the breakdown of the 143.85 level upwards, reaching a maximum in the area of 144.75, which now acts as a key resistance. The price is currently consolidating near the 144.30 mark, holding above the MA (200) H1 moving average, which signals a potential move to an uptrend. The MACD indicator is in a positive zone, but there is a decrease in the histogram, indicating a weakening of the upward momentum and a possible pause before a new movement. As long as the price remains above 143.85, the growth scenario remains a priority, but it will be canceled if it is fixed below the specified level with a possible return to 142.80.
Resistance levels are: 144.75, 145.55, 146.15
Support levels are: 143.85, 142.80, 142.10
The main scenario for the pair's advance suggests a breakout of the session high of 144.75 and there may be an increase to 145.55 (May 20 high)
An alternative scenario suggests a breakout of the session low of 143.85 and there may be a decline to 142.80 (May 22 low)
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