FXstreet.com (Buenos Aires) - Japanese yen spring back today from early lows in Asia around 90.45, and consolidates just above the 91.40 level. 4 hours charts show 20 SMA is containing the upside, as pair seems unable to break above. Indicators had lost previous upside momentum, yet still look slightly bullish at this point.

Resistances for the pair come around 91.60, ahead of stronger 92.00/10 area. Clearly above, pair could attempt to retest this week highs around 92.60. On the other hand, if pair loses 91.20, chances of further downside pressure come back to play with immediate supports at 90.90 area and 90.40 lows.