FXstreet.com (Barcelona) - The USD/JPY continues climbing, and the pair approaches major resistance level at 92.80/93.00 area, the pair is bullish, and a successful move upside that level will take the USD to explore early January highs.

According to Valeria Bednarik, collaborator at FXstreet.com, the pair is moving propelled by a mix of risk aversion and a bearish momentum for Yen crosses: the bullish trend in the pair remains firm in 4 hours charts: above the mentioned maximums, next resistance zone will be at 93.36, followed by 93.84 and then 94.10.

A withdraw to levels below 42.50 would bring 92.10 into focus before entering in lower areas with 91.62 first and then 91.20 as nearest support levels.