USD/JPY Current Price: 89.64. Pair gapped to the downside, reaching an intraday low of 89.15 before bouncing back to test 61.8% retracement of the last daily rally from 88.00 to 92.30.
Pair could attempt to close the gap, yet only clear confirmations above 90.35 area will dilute strong bearish momentum; both hourly and 4 hours charts indicators point for further downside movements ahead, thus indicators are close to extremes. “Corrective movements should remain under 90.00 to support current bias.
Support levels: 89.50 89.15 88.80. Resistance levels: 89.80 90.10 90.35.
USD/JPY (Nov 02 at 03:57 GMT)
H 90.24 L 89.17
| S3 | S2 | S1 | R1 | R2 | R3 |
| 89.6545 | 89.8797 | 90.1050 | 90.3250 | 90.5508 | 90.7766 |
| [?]Trend Index | [?]OB/OS Index |
| Slightly Bullish | Neutral |
| Data updated on Nov 02 at 03:45 (15-minute timeframe) |
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