FXstreet.com (Buenos Aires) - USD/JPY Current Price 97.81. Pair remains bearish after failure to break above the key 98.45 zone, 38.2% of the daily Fibonacci rally 93.54/101.44. Moving sideways between 97.50/98.40, pair needs to clearly break the range to detach from actual non trend.
Ascendant daily trend line coming form 87.10 today lies at 97.45, also the 50% of the mentioned rally. The reaction of price at that level, either a break or a rebound, could trigger some interesting momentum missing in the pair these days, said Valeria Bednarik, collaborator at FXstreet.com.
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