USD/JPY approaching to key 90.75 resistance area

By IBTimes Staff Reporter | December 20 2009 6:32 PM

FXstreet.com (Buenos Aires) - USD/JPY Current Price: 90.47. Pair remains slightly bullish after failure to break above 90.70/80 area past Friday, yet close to that first resistance area. Indicators in the hourly chart show chances of further upside continuation for next hours, as also do bigger time frames with day starting barely above 100 SMA in the daily chart.

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Confirmations above 91.00, past week high, could trigger more upside momentum in the pair, while the downside seems now limited by the 90.00 level, said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 90.30 90.00 89.60. Resistance levels: 90.75 91.00 91.40.

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