FXstreet.com (Buenos Aires) - USD/JPY Current Price: 85.15. Breaking lower, pair has resume downtrend after breaking strong 87.10 long term support, printing already an intraday low of 84.80; as most majors, technical indicators in 1 and 4 hours charts show pair over sold, yet with no signs of upside corrective movements but small and short lived.
Daily charts and bigger time frames, had confirm the bearish continuation that should target the 83.20 area, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 84.80 84.30 83.90. Resistance levels: 85.50 86.00 86.40.