FXstreet.com (Barcelona) - The Dollar is picking up strength ahead of Wall Street opening and the USD/JPY ounce at 88.70 session low has extended to test intra-day high at 88.70 taking back all the ground lost during the day.

In case of breaching above 88.70/85 intra-day high, next resistance levels lie at 89.40 (Oct 7 high) and 89.65/70 (Oct 6 high). On the downside, support levels lie at 88.20 (Oct 7 low), and below here, 88.00 (Sept 28 low) and 87.25 (Dec 18 low).

According to the ecPulse.com analysis team, support at 88.10 remains strong, holding the Dollar: The dollar versus yen continues to be supported by the main support level 88.10, where the level halted further declines against the pair; pushing them towards 88.60 again, where we think that it corrected the bearish wave that had started since yesterday.