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- USD/JPY broke down MA (200) H1
USD/JPY broke down MA (200) H1
The hourly chart of the USD/JPY pair shows a corrective decline after a steady upward movement. The price has confidently broken through the MA (200) H1 moving average, which indicates a weakening of the bullish momentum and the transition of the initiative to sellers. After a pullback from the area of 145.45, quotes consistently decline and reached the support zone of 143.40, from which there is a slight attempt at a rebound. The MACD indicator is in the negative zone, the histogram is expanding downwards, and the indicator lines continue to move below zero, confirming the presence of a downward momentum. If the level of 143.40 breaks down, a further decline towards 142.55 is possible. As long as the price remains below the moving average, the risks of continuing the downward correction remain high.
Resistance levels are: 144.40, 145.45, 146.30
Support levels are: 143.40, 142.55, 142.10
The main scenario for the pair's advance suggests a breakout of the session low of 144.40 and a possible decline to 142.35 (June 5 low)
An alternative scenario assumes a breakout of 144.40 (June 10 low) and there may be an increase to 145.45 (June 11 high)
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