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- USD/JPY remains under pressure
USD/JPY remains under pressure
On the hourly chart, the USD/JPY pair remains under pressure after a rapid reversal from the maximum near the 148.00 level formed on June 20. Since then, the price has dropped below the Ma (200) H1 moving average and consolidated below the resistance level of 145.00, indicating a change in the short-term trend to a downward one. Recovery attempts are limited to the 145.00–145.30 zone, where there is increased activity of sellers. Support at 143.75 remains key, and retesting it could increase pressure on the pair. The MACD indicator indicates a lack of sustained momentum, fluctuating slightly near the zero line, reflecting uncertainty in the short term. The overall technical picture remains moderately bearish, and in the absence of a confident breakdown above 145.00, sellers remain in control of the market.
Resistance levels are: 145.00 145.95, 146.30
Support levels are: 143.65-75, 142.80, 142.40
The main scenario for the pair's advance assumes a breakout of the support of 143.75 (June 26 low) and 143.65 (June 16 low) and there may be a decline to 142.80 (June 13 low).
The alternative scenario assumes an increase to 145.00 (June 27 high) and then, maybe, to 145.95 (June 25 high).
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