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- USD/JPY remains above MA (200) H1
USD/JPY remains above MA (200) H1
The USD/JPY pair maintains an upward momentum on the hourly chart, while the price is confidently trading above the MA (200) H1 moving average, which confirms the dominance of the bulls. After a short-term correction, the exchange rate recovered and reached the level of 145.55, being near the local resistance of 145.80. Consolidation above this level will open the way to new highs. Support is located at 145.15, and its breakdown may trigger a decline to the next level of 144.75. The MACD indicator remains in the positive zone, although its histogram is slightly decreasing, which may indicate a temporary slowdown in the upward momentum. Overall, the technical picture remains positive, and while maintaining the current mood of buyers, the pair has the potential for further growth.
Resistance levels are: 145.80, 146.30, 147.65
Support levels are: 145.15, 144.75, 144.30
The main scenario for the pair's advance suggests a breakout of the resistance of 145.80 (June 19 high) and there may be an increase to 146.30 (May 29 high).
An alternative scenario suggests a decline to the session low of 145.15 and there may be a decline to 144.75 (June 19 low).
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