USD/JPY tests MA (200) H1

Today, the USD/JPY pair is trading in the range of 148.20-80 with signs of weakening of the upward momentum. The price is below the resistance level of 148.80, which previously acted as support. The MA (200) H1 moving average line is located near the current prices, providing support around 148.20. If the price consolidates below this level, it may increase pressure on the pair, opening the way to the next support at 147.40. The MACD indicator shows signs of an upward reversal after the recent decline, but remains in the negative zone for now. This may indicate a possible short-term pullback before further movement. In case of growth, the main resistance remains at 150.20, above which a test of 151.35 is possible. The overall picture indicates a struggle between bulls and bears, where a breakdown of key levels will determine the further direction of movement.

Resistance levels are: 148.80, 150.20, 151.30

Support levels are: 148.20, 147.40, 146.55

The main scenario for the pair's advance implies a breakout of the session high of 148.80 and there may be an increase to 150.20 (March 5 and 19 high)

An alternative scenario suggests a breakout of the session low of 148.20 and there may be a decline to 147.40 (March 13 low)