FXstreet.com (Buenos Aires) - USD/JPY Current Price: 92.14. Pair breached under strong 91.70 support zone briefly, yet set a lower low in the daily chart, confirming bearish trend remains intact. Indicators in 1 and 4 hours charts point for some upside correction yet 92.60 area should keep capped any further attempt to rise.
20 SMA above current price in all big time frames confirm the bias. Expect a retest of the 90.00 area in the next few days, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 92.00 91.65 91.20. Resistance levels: 92.35 92.66 93.00.