Wed, Sep 30 2009, 03:27 GMT
http://www.fxstreet.com
FXstreet.com (Buenos Aires) – USD/JPY Current Price: 90.34. Quoting around past Tuesday highs, pair seems ready to extend the upside during next hours, as price downside remains capped by the 20 SMA that has been guiding the movement for the past 28 hours. 4 hours are also slightly bullish, yet pair needs to break 90.70/80 area to confirm a continuation.
“Under 89.80, pair could fall to 89.50, yet seems unlikely a movement further down for the next 24 hours,” said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 90.10 89.80 89.50. Resistance levels: 90.35 90.70 91.10.
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