Forex: USD/JPY at 91.00

By @ibtimes on

FXstreet.com (Buenos Aires) - Dollar weakness has send also Jpy higher, with the pair back at the 91.00 area, after losing key 91.60 support level, now turned into resistance. 4 hours charts show downside rally a bit over extended so we could expect some upside corrections for next hours, yet having break under 20 SMA in the mentioned time frame, favors further falls after due corrections.

From current level, supports come at the 90.90 area, followed by 90.50 and the key lows between 90.10/20. Resistances on the other hand are located at 91.35 and 91.60, mentioned MA. Clear break above could send the pair to test back the 92.00 zone.

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