FXstreet.com (Buenos Aires) - USD/JPY Current Price: 89.20. Pair opened slightly up gapping to the upside, and turning hourly indicators slightly bullish at this point. Above 20 SMA with a nice upside slope, and acting as dynamic support for the pair, confirmations above 89.50 should trigger some upside momentum, while under 88.80, pair likely to regain the downside.
Bigger time frames are slightly bullish, yet not giving clear signs of continuation. Watch for a downside corrective movement to be triggered under mentioned 88.80 support, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 88.80 88.40 88.10. Resistance levels: 89.50 89.90 90.30.