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- USD/JPY remains above MA (200) H1
USD/JPY remains above MA (200) H1
On the hourly chart, the USD/JPY pair continues its steady upward movement, and the price has come close to the resistance level of 145.30, which is currently being tested. The pair is steadily trading above the MA (200) H1 moving average, which confirms the dominance of bulls in the market. After the breakdown of the 144.40–144.60 zone, growth accelerated, and pullbacks are limited to local supports, which indicates strong demand. The MACD indicator shows positive dynamics, the signal line is above zero, and the histogram remains in the positive zone, although its amplitude decreases slightly, indicating a slowdown in momentum. Overall, the technical picture remains bullish, and if it remains above 145.00, the predominance of buyers is likely to continue.
Resistance levels are: 145.30, 146.30, 147.65
Support levels are: 144.40, 143.95, 143.45
The main scenario for the pair's advance assumes a breakout of the resistance at 145.30 (June 10 high) and there may be an increase to 146.30 (May 29 high)
An alternative scenario assumes a breakout of the support of 144.40 (June 10 low) and there may be a decline to 143.95 (June 9 low, MA (200) H1)
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