FXstreet.com (Buenos Aires) - USD/JPY Current Price: 88.55. Still under 88.60 resistance area pair has turned slightly bullish in the hourly chart, pointing for some upside short correction in the hourly chart. Printing lower lows, general bias remains bearish for the pair, as long as under daily descendant trend line, today at 89.40.
4 hours charts also show some signs of downside exhaustion at current levels, supporting the bias for current session.
Under 88.32, past Tuesday low, expect pair to resume downtrend, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 88.35 88.00 87.60. Resistance levels: 88.65 89.00 89.40.