Forex: USD/JPY picks up from 88.95 and reaches 90.00 area

FXstreet.com (Barcelona) - The Yen soared across the board yesterday favored by risk aversion, and the Dollar Yen plunged from 91.85 high to 88.95 low in US session, to pick up on Asian trade, and consolidate between 89.90 and 90.35 ahead of the European session opening.

On the upside, the pair remains capped by session high at 90.35, with next potential resistance areas at 90.85/95 (May 19 high) and 91.20 (200-day MA). On the downside, immediate support lies at 89.95, and below here, 89.60/75 (intra-day support) and 89.30/40 (intra-day support).

EUR/JPY plunged yesterday from 114.00 area to hit fresh 9,5 years low at 109.45 on US session, although the pair has managed to regain all the lost territory, reaching 114.40 high on Asian trade, before pulling back to 113.20 at European opening. Resistance levels are 114.40 and 114.80. Support levels lie at 112.10 and 111.00.

• EUR/JPY
• USD/JPY

EUR/JPY (May 21 at 07:09 GMT)

113.70/73 (2.14%)

H 114.41 L 111.18

S3	S2	S1	R1	R2	R3
112.65	112.94	113.22	113.57	113.85	114.14

[?]Trend Index	[?]OB/OS Index
Slightly Bearish	Neutral
Data updated on May 21 at 06:58 (15-minute timeframe)

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