The Dollar is recovering further but at a slow pace against the Yen. USD/JPY rose above 90.50, the next resistance lies at 90.80. The pair tumbled earlier to 90.20 posting a 7-month low. Current price at 90.56/58 is 1.30% below today’s opening price. The pair is falling for the fourth day in a row accumulating a decline of more than 250 pips. Greenback is still under pressure despite being oversold. Actual levels suggest that the pair could be headed toward the 87.10 zone (January lows).
USD/JPY (Sep 12 at 05:06 GMT)
H 90.72 L 90.69
| S3 | S2 | S1 | R1 | R2 | R3 |
| 90.2664 | 90.4932 | 90.7200 | 90.7200 | 90.9468 | 91.1736 |
| [?]Trend Index | [?]OB/OS Index |
| Slightly Bullish | Neutral |
| Data updated on Sep 12 at 05:06 (15-minute timeframe) |
[ View USD/JPY Technical Studies ]
