Forex: USD/JPY consolidating above 90.00

By IBTimes Staff Reporter | December 21 2009 2:35 AM

FXstreet.com (Barcelona) - Dollar rally from Dec 8 low at 87.35 was capped on Friday at 90.90 (Dec 3 high area), and the pair has remained consolidating during Asian session in a range from 90.15 to 90.65.

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Resistance levels lie at 90.65 session high, and above here, 90.908 (Dec 3/18 high) and 91.02 (100 day SMA). On the downside, support levels lie at 90.10, and below here, 89.75 and 89.20.

EUR/JPY has been moving in a range from 129.45 to 129.85 after bouncing at 128.95 on early Asian session, on recovery from Friday's low at 127.35 (4-week low). Resistance levels lie at 130.05 and 130.80. Support levels are 129.25 and 129.00.

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