FXstreet.com (Buenos Aires) - USD/JPY Current Price: 92.30. General bias and market sentiment remain strongly bearish in the pair, yet 92.00 level has been capping the downside for most of past Tuesday, offering quick rebounds to the 92.35 area, first resistance to consider for next hours.
An upside recovery seems unlikely in the pair, while break under 91.70 lows, could accelerate the downside, and send the pair close to the 90.00 level. Hourly charts had lost upside momentum, and despite price is above it, 20 SMA remains strongly bearish, said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 92.00 91.70 91.20. Resistance levels: 92.35 92.66 93.00.