FXstreet.com (Buenos Aires) – USD/JPY Current Price: 94.29. Pair lost upside momentum, and approaches to 94.20 support area with indexes falling in Asian session. Hourly indicators point for further loses, thus most likely remain in range.
Strong break under 93.40 or 95.30, none seen, are need to define a more clear bias in the pair. “20 SMA in 4 hours charts, around 94.20 should gave static support zone further strength to hold the downside,” said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 94.20 93.80 93.60. Resistance levels: 94.40 94.80 95.10.
