FXstreet.com (Barcelona) - The Dollar's recovery against Yen from 94.00 level has been capped at 94.65 after rising around 65 pips to begin to falls close to 94.30. The pair was rejected by the MA200 hourly chart level at 94.65 and currently is trading close to MA55 level at 94.35, easing its previous gains.
Valeria Bednarik, FXstreet.com collaborator, comments: Hourly indicators support further rises for next hours, with CCI and momentum close to give bullish signals. Bigger time frames indicators also turn to the upside. 95.10 will be key as clear break above there, not seen at this point, could trigger some strong upside rally.
Bednarik provide us with her levels: Support levels: 94.10 93.70 93.40. Resistance levels: 94.45 94.80 95.10.