FXstreet.com (Buenos Aires) - USD/JPY Current Price: 91.13. Pair regained the 91.00 level early Asia, and quotes above 20 SMA in the hourly that has lost the bearish slope; with indicators slightly exhausted to the upside, 4 hours charts show the pair has a good upside momentum, suggesting further upside movements for next hours, with 91.35 as first resistance to consider, followed by strong 91.60 dynamic zone, where we have the roof of the descendant channel clear in 4 hours charts, coming from 97.78 highs.
Confirmations above that level could suggest a bottom is forming at the 90.00 and pair could extend upside rally in the days to come, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 91.00 90.55 90.20. Resistance levels: 91.35 91.60 92.00.