Tuesday, September 15, 2009

Yen remains under 91.00

FXstreet.com (Buenos Aires) – USD/JPY Current Price: 90.86. Back bearish after strong retreat form 91.70 key resistance level, pair remains under 91.00 and with a bearish outlook in the hourly chart; capped by 20 SMA and with indicators pointing for further losses, if the pair breaks under 90.55 support, expect a retest of the 90.20 zone; under this last, pair should accelerate the fall with a midterm target at 87.10, past January lows.

“Only above 91.35 pair could change bias, “said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 90.55 90.20 89.80. Resistance levels: 91.10 91.35 91.70.

USD/JPY (Sep 16 at 05:43 GMT)

90.95/97 (-0.05%)

H 91.17 L 90.76

[?]Trend Index[?]OB/OS Index
Slightly BullishNeutral
Data updated on Sep 16 at 05:15 (15-minute timeframe)

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