USD/JPY remains below MA (200) H1

On the hourly chart, the USD/JPY pair is declining after an attempt to break through the resistance level around 146.30, from which the price sharply turned down. The current price is around 143.30, and the pair is trading below the MA (200) H1 moving average, indicating a predominance of bearish sentiment in the short term.

The price has been in a downward trend over the past few days, forming lower highs and lows. The support in the area of 142.55 has so far held off further decline, but the pressure remains. Resistance at 143.70, which coincides with the 200-period moving average, may be an obstacle to recovery. The MACD indicator shows signs of divergence: despite new price lows on May 30 and June 4, the MACD histogram shows a gradual increase, which may indicate a potential reversal attempt. However, there is no buy signal yet, as the histogram remains below the zero line. In general, the current technical condition of the pair indicates the predominance of "bears", however, a short-term recovery is possible as part of the correction.

Resistance levels are: 143.70, 144.45, 145.10

Support levels are: 142.55, 142.10, 141.50

The main scenario for the pair's advance suggests a breakout of the session low of 142.55 and a possible decline of 142.10 (May 27 low)

An alternative scenario assumes a breakout of MA (200) H1 (143.70) and there may be an increase to 144.45 (May 30 and June 4 high)