Present quote is higher at 93.05 30 minutes into the Tokyo session. Should the recovery extend, the next troubling are may be taken at 93.20 up to 93.30, where a sequence of intraday lows are lying.
As Valeria Bednarik, chief analyst at FXstreet.com, notes: "Buying interest have receded. The hourly chart shows price below moving averages while indicators hold in negative territory. In bigger time frames, a stronger bearish momentum is present, looking now for a short term continuation towards the 92.20 static support area. Sellers should appear in the 93.30 price zone."