USD/JPY back under 91.00
Thu, Nov 5 2009, 05:08 GMT
http://www.fxstreet.com
FXstreet.com (Buenos Aires) – USD/JPY Current Price: 90.66. Back under 91.00, pair continues having a hard time to clearly overcome the level; hourly charts indicators had turned to the downside, suggesting more falls to come in current session. If 90.50 gives up, pair can attempt a retest of 90.20 area; watch for a candle opening under 20 SMA that will support the downside bias.
“Also bigger time frames look bearish, so only a clear confirmation above 91.30 could change the pair bias for the next hours,” said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 90.50 90.20 89.80. Resistance levels: 91.10 91.40 91.80.

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