USD/JPY Current Price: 90.56. Japanese yen regained upside momentum due to it’s safe haven status, sending the pair lower. Forming a continuation figure, pair needs to move under 90.40 to confirm the downside bias; moving under 20 SMA in the hourly, that holds a strong bearish slope.
Bigger time frames show some strong downside momentum, suggesting more downside pressure for the sessions to come. “Above 91.30, not seen at this point, pair will deny previous view and resume uptrend,
Support levels: 90.40 90.10 89.75. Resistance levels: 90.85 91.30 91.70.
USD/JPY (Oct 29 at 05:59 GMT)
H 90.81 L 90.21
| S3 | S2 | S1 | R1 | R2 | R3 |
| 89.8236 | 90.0493 | 90.2750 | 90.4050 | 90.6310 | 90.8570 |
| [?]Trend Index | [?]OB/OS Index |
| Slightly Bullish | Neutral |
| Data updated on Oct 29 at 05:25 (15-minute timeframe) |
[ View USD/JPY Technical Studies ]
