USD/JPY remains below MA (200) H1

On the hourly chart, the USD/JPY pair is trading near 143.15 after attempting to recover from support at 142.40, where the price rebounded twice, forming a local base. However, the overall direction remains downward: the pair is confidently trading below the MA (200) H1 moving average, passing through 143.65, and has not yet been able to gain a foothold above this zone. This makes the level of 143.65 a key resistance, the breakdown of which will open the way to 144.45 and further to 145.10. The MACD shows a move into a positive zone, which indicates a short-term strengthening of bullish momentum, but the histogram remains weak, signaling buyer uncertainty. If growth does not develop and the pair does not overcome 143.65, there is a risk of a return to the support of 142.40, and its breakdown will open the way to the next level - 142.10. As long as the pair remains below the long-term average, the priority remains for sales on growth, especially near the resistance. The short-term rebound may continue, but without a confident breakdown above 143.65, it will remain a correction within the downward movement.

Resistance levels are: 143.65, 144.45, 145.10

Support levels are: 142.10-40, 141.50 140.50

The main scenario for the pair's advance suggests a breakout of the session low of 142.10-40 (May 27 low) and a possible decline of 141.50 (April 23 low).

An alternative scenario assumes a breakout of MA (200) H1 (143.65) and there may be an increase to 144.45 (May 30 high)