FXstreet.com (Buenos Aires) - USD/JPY Current Price: 89.65. Despite slightly bullish, upside remains capped by key 90.00 level, that the pair needs to clear to gain upside momentum. 20 SMA keeps guiding the pair to the upside.
While hourly indicators point for some downside corrective movements, that should remain capped above 88.80 area; if this last gives up, downside movements could extend to next support around 88.50, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 89.30 88.80 88.50. Resistance levels: 89.70 90.00 90.30.