USD/JPY retreat from Tuesday's high at 91.65 has accelerated during European session, as the Dollar dropped from levels right above 91.00 to break below 7-month low at 90.20 and hit a fresh low a 90.15.
Support levels, below 90.20, lie at 90.00 psychological level, and below there, 89.70 (Feb 11 low) and 89.20 (Feb 5 low). On the upside, resistance levels lie at 91.25/30 and above here 91.65 (Sept 15 high) and 91.80/95 (Jul 8, Sept 3 lows).
The Dollar is targeting 87.54/15 area: "We view near term strength as corrective only and look for rallies to remain capped by the 20 day ma at 92.77. We continue to target 87.54/15 – this latter zone represents the recent lows and the long term support line, which connects the 1995 and 2009 lows."
USD/JPY (Sep 16 at 10:15 GMT)
H 91.17 L 90.1
| S3 | S2 | S1 | R1 | R2 | R3 |
| 89.7639 | 89.9895 | 90.2150 | 90.3250 | 90.5508 | 90.7766 |
| [?]Trend Index | [?]OB/OS Index |
| Neutral | Neutral |
| Data updated on Sep 16 at 10:10 (15-minute timeframe) |
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