FXstreet.com (Buenos Aires) - USD/JPY Current Price: 91.94. After breaking above 91.85 past week high, pair halted the rally just under 92.10 resistance area, unable to extend the rally due to low volumes ahead of holidays; however, pair manages to remain consolidating close to daily highs, suggesting bullish rally is not over: above 92.10, expect the pair to approach to 91.40 area, while corrective downside movements should remain capped above 91.30.
Hourly charts show still some strong momentum, while 20 SMA remains bullish guiding the upside movement, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 91.85 91.30 91.10. Resistance levels: 92.10 92.40 92.75.