USD/JPY still consolidating in tight range
03 Nov, 2009 @ 10:29 pm ET | written by FXStreet
FXstreet.com (Buenos Aires) - USD/JPY Current Price: 90.38. Still consolidating in a tight range between 90.00 and 90.70 pair has no clear bias in the hourly chart, while bigger time frames suggest some downside pressure; technically
"A confirmation above 90.70 could trigger some upside momentum in the pair, while confirmations under 89.80 will send the pair lower, to test past Monday's low," said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 90.10 89.80 89.30. Resistance levels: 90.70 91.10 91.40.
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