FX : USD/JPY: Dollar recovery from 88.20 stalls at 90.35
FXstreet.com (Barcelona) - Dollar recovery from Sept 28 low at 88.20 has been capped at 90.35 resistance area during Asian session, and the pair has retreated to 89.50 area. At the moment, the Dollar trades at 89.75 attempting to return to 90.00 area.
Initial support level lies at 89.60 (Sept 29 low) and below there, 89.15 and 88.25 (Sept 28 low). On the upside, resistance levels are 90.35/50 (Sept 24, intra-day lows), and above here, 90.85 and 91.30/35 (Sept 25 high).
EUR/JPY decline from 135.50 high on September 21, found support on Tuesday at 129.75, and the Euro picked up to hit 132.00 high on Wednesday, before easing to levels around 131.25 at the moment of writing. Resistance levels lie at 132.00 and 132.50. Support levels are 130.65/75 and 130.05.
