Morning Report

The USD/JPY pair rebounded from the pivot support (previously breached resistance) at 88.60 to incline once again and near the resistance level at 90.45, where we still wait for the breach of the level to incline on the intraday basis targeting 93.80, as far as 88.20 remains intact.

The trading range for today is among the key support at 87.30 and the key resistance at 94.00

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 buying the pair with the breach of 90.45 to 91.60 and stop loss below 89.40 might be appropriate.