Dollar / yen. bears Pressure increasing gradually

Bulls did not have enough forces for the breakdown of a strong resistance level 91.00/30, after which began aggressive sales dollar / yen are still going ...

USD / JPY

Now look at the indicators:

Exchange Rates entrenched below the moving averages with periods of 144, 89, 55 and 34, which are now a number of strong resistance levels 90.40/50, 90.70 and 91.00

The MACD histogram is located in the negative zone, began to decline in the near future may cross its signal line downwards, and thereby generate a signal to sell the dollar / yen.

Stochastic Oscillator is in the neutral zone and have already filed such a signal as the% K line falls below the% D.

Therefore, as a confirmation that the market would be exacerbated bearish sentiment, it is necessary to wait for the breakdown of a strong level of support 90.00, which may open the path to levels of 89.20 and 88.70.

Resistance Levels: 90.50, 90.70, 91.00, 91.30/50, 91.80, 92.00/10, 92.30

Current price: 90.07

Support levels: 90.00, 89.70, 89.50, 89.30, 89.10/00, 88.75, 88.50, 88.10/00