FXstreet.com (Buenos Aires) - USD/JPY Current Price: 87.52. Breaking higher, current candle opened above the 61.8% retracement of past week fall, suggesting pair could continue rising during next hours, as Japan government seems decided to take further measures to avoid more appreciation in their currency.
Supported by 20 SMA in the hourly chart yet with indicators exhausted to the upside both in 1 and 4 hours charts, pair should correct slightly down before a new attempt to break higher, to accelerate with enough strength to reach the 88.00 zone, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 87.35 87.00 86.50. Resistance levels: 88.00 88.35 88.65.