USD/JPY Best to Wait

By: Investija
USDJPY inside resistance and support levels got wider, at the moment resistance barrier stays at 90.66 while support remains at 90.42. If bullls can manage to breakout by 90.66 price level, the next stronger bulls barrier sits at 90.74 price level. Buying opportunities should be considered above stronger barrier at 90.74. For now short term upswings expected.

Bulls side is in safer zone above 90.42 price level, while candles can manage to hold in this place bulls have more options to recover and reach new highs in a long run.

At current situation, waiting action is better option to look for, and with buying possibilities above 90.74 price level.