FXstreet.com (Barcelona) – After attempting to recover from 92.25, USD/JPY has been rejected by the 92.65 level and the pair has resumed its down trend and has fallen bellow the 92.50 level again. Currently the pair is trading around 92.40/50, posting 0.30% daily losses from opening price action.
Valeria Bednarik, FXstreet.com collaborator, comments: “Japanese yen continues printing lower lows, and remains strongly bearish as risk aversion grows fast. Now under 92.50 resistance level, break under 92.20 support zone will send pair to test the 91.70 key midterm level; if this last gives up, further downside movements are seen in the next days. Upside movements likely to remain limited by 93.40 area, not seen today.”
Bednarik, provides us with her levels: “Support levels: 92.20 91.70 91.40. Resistance levels: 92.50 93.00 93.30.”
