FXstreet.com (Barcelona) - The Dollar's decline against the Yen has accelerate in the last hour after falling 55 pips, adding bearish movement from intra-day high at 93.20 in the early European session, to break MA55 periods in hourly chart at 92.50 and reach 92.15 as fresh intra-day low. Currently the pair is trading around 92.25/35, 0.65% below today's opening price action at 93.00.
Valeria Bednarik, FXstreet.com collaborator, comments: Extending the fall triggered after breaking under 93.00, pair remains slightly bearish in the hourly chart, thus needs to clearly accelerate under 92.30 to extend the rally. Hourly indicators seem a bit overextended, suggesting a retest of the 92.80 area ahead, as long as mentioned support holds.
Bednarik provides us with her levels: Support levels: 92.30 92.10 91.70. Resistance levels: 92.80 93.10 93.40