USD/JPY shows steady recovery

On the hourly chart, the USD/JPY pair is showing a steady recovery, breaking through the MA (200) H1 moving average and approaching the important resistance level of 144.45. This indicates that the initiative is shifting to buyers, especially against the background of consistent growth after reaching a low around 142.10. The MACD indicator is in the positive zone and continues to grow steadily, confirming the bullish momentum. The vertical columns of the histogram are expanding, which also indicates an increasing upward movement. The situation technically favors continued growth, but short-term profit-taking is possible before the 144.45 level. In case of consolidation above the current values, the recovery scenario will be confirmed with the prospect of achieving higher goals.

Resistance levels are: 144.45, 145.10, 146.30

Support levels are: 143.45, 142.55, 142.10

The main scenario for the pair's advance suggests a breakout of the session low of 143.45 and a possible decline of 142.55 (June 5 low)

An alternative scenario assumes a breakout of 144.45 (May 30 and June 4 high) and there may be an increase to 145.10 (June 28 high)