FXstreet.com (Buenos Aires) - USD/JPY Current Price: 92.30. Still bullish, pair keeps rising slowly but firmly; however pair needs to clearly overcome 92.30/50 congestion area, to gain more upside strength.
Hourly charts show no clear bias yet 20 SMA remains bullish and guiding the movement as dynamic support; bigger time frames had indicators a bit exhausted to the upside. Yet pair remains inside the 4 hours ascendant channel, so downside movements should remain capped by 91.60 zone to keep previous perspective valid, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 92.00 91.60 91.30. Resistance levels: 92.50 92.80 93.10.