USD/JPY rose above MA (200) H1

On the hourly chart, the USD/JPY pair is recovering from the previous decline, while the price was able to gain a foothold above the MA (200) H1 moving average, which signals a shift in the balance towards buyers. The 143.70 level acts as the nearest support and has already played its role in the recent rebound. The pair is currently trading near the 144.25 mark, trying to overcome the resistance of 144.45. The MACD indicator shows a positive value, while the histogram remains above zero, which confirms the presence of bullish momentum. However, its growth has slowed, which may indicate a potential consolidation before further movement. In general, the technical picture favors buyers, provided the price remains above 143.70.

Resistance levels are: 144.45, 145.10, 146.30

Support levels are: 143.70, 142.10-40 141.50

The main scenario for the pair's advance involves a breakout of the session low and MA (200) H1 (143.70) and a possible decline of 142.10-40 (May 27 and June 3 lows)

An alternative scenario suggests a breakout of the session high of 144.45 (May 30 high) and there may be an increase to 145.10 (May 28 high)