FXstreet.com (Barcelona) - Dollar recovery from Monday's low at 88.30 remains caped below 90.00 area as Dollar's bounce from 89.40 session low at European opening, has been rejected at 89.87, and the pair eased to 89.60 area at then moment of writing.
Dollar bullish trend remains intact, targeting 90.00 area, according to Peter Rosentreich, technical analyst at ACM - Advanced Currency Markets: USDJPY continued its bullish nature from yesterday, but not before a pullback which held support at 89.38 levels. We expect to see continued upsides in the pair today with the next target at 90.00.
Resistance levels, according to Rosentreich, lie at 90.00, 91.30 and 92.30. On the downside, support levels are 88.30, 87.10 and 86.55.