FXstreet.com (Barcelona) - After falling around 55 pips from 93.95, USD/JPY has found support at 93.45 level and it has begun to rises to trade above 93.60. Currently the pair is trading around 93.60/70, 0.45% above today's opening price action.

Valeria Bednarik, collaborator at FXstreet.com seethe pair bearish while below 94.00: Bearish 20 SMA is keeping the upside capped, holding the pair under 94.00. Bigger time frames also support some upside correction for next hours, thus pair needs at least to open a candle above the 94.00 area to gain some upside strength.

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