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- USD/JPY broke up MA (200) H1
USD/JPY broke up MA (200) H1
On the hourly chart of the USD/JPY pair, there is an upward movement after a low in the area of 142.80. The price is now near the level of 144.25, which indicates a partial recovery after the downward trend. An important resistance is the 144.45 level, the breakdown of which may lead to further growth towards the resistance zones around 145.45. At the same time, support is in the area of 144.00, below which the price may decline again. The MACD indicator at the bottom of the chart shows a positive trend with an increase in green histograms, which indicates the beginning of a potential bullish momentum. The moving average MA (200) H1 is slightly below the current price, which confirms the possibility of continued growth. In general, the technical picture indicates the possibility of continuing the upward movement at the breakdown of the level of 144.45, otherwise a correction to the support levels is possible.
Resistance levels are: 144.45, 145.45, 146.30
Support levels are: 144.00, 142.80, 142.10
The main scenario for the pair's advance suggests a breakout of 144.00 (June 9 low) and a possible decline to the session low of 142.80
An alternative scenario suggests a breakout of the session high of 144.45 and there may be an increase to 145.45 (June 11 high)
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