FXstreet.com (Buenos Aires) - USD/JPY Current Price: 90.95. With risk aversion hitting the trading desks, pair break back under 91.00, and reached the 90.70 support zone, rebounding slightly to the upside, still capped under 20 SMA in the hourly.
Hourly momentum point for further loses ahead, while buyers have been defending quite well the 90.20/40 area, so expect the bearish trend to resume only under that zone. Bigger time frames also support the bearish bias that will only dilute if pair reaches the 91.70 area, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 90.70 90.30 90.00. Resistance levels: 91.00 91.35 91.70.