USD/JPY remains above MA (200) H1

Today, on the hourly chart, USD/JPY is showing a local correction after a steady rise that ended near the resistance level of 145.90. The quotes are currently trading around the 144.55 mark, having retreated from the recent high, which may indicate profit-taking or a short-term weakening of the bullish momentum.

The price movement continues to remain above the MA (200) H1 moving average (143.00), which indicates the continuation of the overall upward trend. However, the MACD indicator gives a signal of a slowdown in momentum: the histogram is decreasing, approaching zero, which may indicate an impending reversal or at least a transition to a consolidation phase. The overall technical picture indicates the dominance of the bulls, but the current correction requires caution, especially given the weakening of the MACD momentum and the approaching support zone. Confirmation of the resumption of growth will require the formation of a stable bullish signal and consolidation above the current local maximum.

Resistance levels are: 145.90, 147.15, 148.25

Support levels are: 144.05, 143.00, 141.55-90

The main scenario for the pair's advance implies a breakout of the session high of 145.90 and there may be an increase to 147.15 (high of the European session on April 10)

The alternative scenario assumes a breakout of 144.05 (April 25 high), a decline to MA (200) H1 (143.00) and then, maybe, to 141.55 (April 23 low)