USD/JPY still fighting the 89.00 level

23 November 2009 @ 07:23 pm EDT

FXstreet.com (Buenos Aires) - USD/JPY Current Price: 89.02. Still fighting the 89.00 level, pair remains barely above it after reaching an intraday high of 89.18. Range bound with no clear bias, indicators had turned slightly bearish as well as 4 hours ones, suggesting the upside will remain limited. Daily descendant trend line today comes around the 89.50 area, and only a clear acceleration above that level, could revert current general bearish sentiment.

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