FXstreet.com (Barcelona) - Dollar decline from September 21 high seems to have bottomed at 90.50 low during Asian session, as the pair has broken above 91.00 to print an intra-day high at 91.40 right below 50 and 100 hour SMA.
However, Peter Rosentreich, technical analyst at ACM - Advanced Currency Markets, does not see the Dollar strong enough to break past 91.50 resistance: USD/JPY has taken out the weak support at 91.00 with the next target at the September 10th low at 90.10. Any rally in the dollar is likely to be capped by resistance around 92.50 and more supply at 93.70.
Initial resistance level, at this point lies at the 95.55/65 area (Sept 15/18 highs), and above here, 92.00/15 and Sept 21 high at 92.55. On the downside, support levels are 90.50 (intra-day low), and below here, 90.15.20 (Sept 14 and 16 lows) and 90.00 psychological level.