USD/JPY remains above MA (200) H1

On the hourly chart, the USD/JPY pair maintains an upward bias after rebounding from support in the area of 143.65, while the price has firmly consolidated above the moving average of MA (200) H1, which indicates the restoration of bullish momentum. Current fluctuations occur near the level of 144.65, after an unsuccessful attempt to gain a foothold above the resistance of 145.15. The dynamics indicate a possible consolidation within the range of 144.40–145.15 with increased chances of a resumption of growth at the breakdown of the upper limit. The MACD indicator remains in the positive zone, but the histogram shows signs of slowing down, which may signal a short-term correction or a phase of sideways movement. Keeping the price above 144.40 will support the mood for continued growth, while a breakdown down will open the way to 143.65.

Resistance levels are: 145.15, 145.45, 146.30

Support levels are: 144.40, 143.65, 142.80

The main scenario for the pair's advance suggests a breakout of the session high of 145.15 and there may be an increase to 145.45 (June 11 high).

An alternative scenario suggests a breakout of the session low of 144.40 and there may be a decline to 143.65 (June 16 low).