Published: Fri, 06 Nov 2009 00:59:00 +0100
USD/JPY slightly bullish
FXstreet.com (Buenos Aires) ? USD/JPY Current Price: 90.81. Regaining the upside, pair is slightly bullish at this point, as risk appetite continues playing against both, dollar and yen. Moving in a tight range and a few pips under yesterday?s low, hourly indicators support further rises in the pair, while bigger time frames have the same outlook.
?Pair needs to clearly break above 91.30 resistance area to extend the rally, while under 90.20 intraday bias could change quickly and send the pair under key 89.80 support, ?said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 90.50 90.20 89.80. Resistance levels: 91.00 91.30 91.70.
By Fxstreet.com
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