FXstreet.com (Buenos Aires) - USD/JPY Current Price: 87.36. Pair has formed a double floor in the hourly chart, at the 87.20 level, also yearly low zone; with hourly indicators exhausted to the downside, and same condition clear in 4 hours charts also, pair could attempt some upside limited corrective movement.
Neck of mentioned double floor lies at 87.42 first resistance for next hours ahead of 87.80. If 87.00 gives up, pair could resume fall with immediate support at the 86.60 area, yet pointing to 86.20, June 1995 high, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 87.15 86.60 86.20. Resistance levels: 87.42 87.80 89.10.