FXstreet.com (Barcelona) - USD/JPY continues hovering around 90.00 area, after failing to regain key 90.30/40 resistance area. Also attempting to break the roof of a daily descendant channel coming from 97.00 highs still without confirming the movement, pair needs a clear daily close above mentioned level to extend the upside.

Currently around 89.80 support area, to the downside pair has support at 89.50 and 89.20 zone; above 90.00, mentioned key 9.030/40 area precedes 90.80 resistance zone. Indicators both in 1 and 4 charts are flat, not giving any clear bias for next hours, yet price is moving above 20 SMA, that could signal downside movements should remain limited.