Morning Report

The USD/JPY pair failed to breach the 92.00 level to continue trading calmly within a minor upside channel, as seen in the minor image. We see gradual inclines in the form a correction to reach 92.65 before reversing back to the downside on the intraday basis targeting initially 91.00. This decline remains, as far as 93.30 is intact.

The trading range for today is among the key support at 90.00 and the key resistance at 95.10

The general trend is to the downside as far as 102.60 remains intact with targets at 84.95 and 82.60

RecommendationBased on the charts and explanations above, our opinion is selling the pair from 92.65 to 91.00 and stop loss above 93.30 might be appropriate.