Forex:USD/JPY above 91.00

By @ibtimes on

FXstreet.com (Buenos Aires) - USD/JPY Current Price: 91.16. Above 91.00 for first time since November, pair has a bullish perspective ahead, despite hourly indicators seem a bit exhausted and point for some short term downside corrective movements. Stocks are expected to rise in Asia, following Wall Street positive close, supporting further rises in the pair.

Above 91.30, next resistance comes at the 91.65 area, ahead of strong 92.00, said Valeria Bednarik, collaborator at FXstreet.com. Break under 90.20 support seems unlikely at current levels, as bigger time frames support the bullish bias, as pair started the day above 100 SMA in the daily chart.

Support levels: 91.00 90.60 90.20. Resistance levels: 91.30 91.65 92.00.

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