USD/JPY rose above MA (200) H1

Today, the hourly chart of USD/JPY shows a steady recovery after the decline phase, while the price broke through the level of 143.45 and consolidated above the moving average of MA (200) H1, which indicates an increase in bullish momentum. Having reached the resistance level of 145.10, the quote has slightly rolled back, but it retains the potential for further growth. The nearest support is now at 143.45, and holding it will confirm the market's intentions to move towards the next resistance in the area of 145.90. The MACD indicator shows a steady growth of the histogram in the positive zone, confirming the activity of buyers. The overall picture indicates a likely continuation of the upward movement, provided it is fixed above 145.10, and a breakdown of this level will open the way to 145.90.

Resistance levels are: 145.10, 145.90, 147.15

Support levels are: 143.45, 142.35, 141.50-95

The main scenario for the pair's advance assumes a breakout of 145.10 (high of the American session on May 2) and there may be an increase to 145.90 (May 2 high)

An alternative scenario suggests a breakout of the session low of 143.45 and there may be a decline to 142.35 (May 6 low)