FXstreet.com (Buenos Aires) - USD/JPY Current Price: 91.79. Pair remains bullish and approaching to the 92.00 area, guided by 20 SMA in the hourly chart. However, hourly indicators look a bit exhausted to the upside as well as 4 hours ones, while pair seems to have formed a very short term double roof in the 91.85 level.
Above this, expect the pair to regain upside steam, while under 91.50 we could see a deeper downside correction and an approach to the 91.10 area, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 91.40 91.10 90.80. Resistance levels: 91.85 92.10 92.40.