FXstreet.com (Buenos Aires) – USD/JPY Current Price: 94.08. Pair remains unchanged, hovering around 94.00 and moving in a tight range. “Slightly bearish in the hourly, we could expect some downside pressure once 93.70 is cleared, but probably limited to 93.40 area, “Valeria Bednarik, collaborator at FXstreet.com.
Bigger time frames also seem flat with no clear bias for next hours; above 94.20, pair could retest the 94.60/70 area, thus unlikely to break above 95.10 strong resistance zone.
Support levels: 94.00 93.70 93.40. Resistance levels: 94.20 94.65 95.10.
