FXstreet.com (Buenos Aires) - USD/JPY Current Price: 92.03. Moving inside an ascendant channel and above 20 SMA, hourly charts show indicators pointing for some downside movements ahead. General trend however remains bullish in the pair, so expect the downside to remain limited by the 91.60 zone, base of the mentioned channel.
Break and confirmations under that level could deny further falls for the next sessions. Above channel roof currently around 92.50 zone, pair should attempt a test of the 93.00 zone, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 91.60 91.30 91.00. Resistance levels: 92.20 92.50 92.80.