FXstreet.com (Barcelona) - After touch the 89.80 level yesterday at 11:00 GMT, The USDJPY begun a rally to reach an increase of more than 160 pips to 91.40 level, pointing to the 91.55/91,70 land, as three days maximum.
If the up trend is confirmed, the USDJPY could try to go up to the next resistance at 92.00 and then, the 92.40, the February's maximum.
According to Nicolle Elliot, Mizuho's Analyst, Expects more work around the lower edge of the Ichimoku 'cloud', and under trendline resistance, today. Possibly attempt tiny shorts at 91.00/91.25; stop/reverse above 92.55 for 94.00. Cover shorts ahead of 89.70 and watch for signs of basing between here and 88.40.