FXstreet.com (Buenos Aires) - USD/JPY Current Price: 90.56. Japanese yen regained upside momentum due to it's safe haven status, sending the pair lower. Forming a continuation figure, pair needs to move under 90.40 to confirm the downside bias; moving under 20 SMA in the hourly, that holds a strong bearish slope.
Bigger time frames show some strong downside momentum, suggesting more downside pressure for the sessions to come. Above 91.30, not seen at this point, pair will deny previous view and resume uptrend, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 90.40 90.10 89.75. Resistance levels: 90.85 91.30 91.70.