USD / JPY Technical Forex Analysis for Forex Traders

The Dollar/Yen's is back to slow, small, and boring moves! It barely completed 90 pips from the low to the high in the past 24 hours, which is very frustrating. Today's important levels are close to each other. The resistance is at 92.87 & the support is at 92.30. We will be waiting for one of these two levels to give way. If 92.30 gives way, a correction for this rocking jump will start, with its first target at 91.40 and the second important target is at 90.75.

The resistance is at 92.87, and if broken the price will jump to the resistance that we find very attractive 93.96. If this one is also broken, 95 will become near, as we will target 95.05. In the next few days, important evidence on medium term direction will emerge, and we will be on the watch for them.

Support:
* 92.30: intraday support.
* 91.40: Fibonacci 38.2% support for the rise from Thursday's low.
* 90.75: Fibonacci 50% support for the rise from Thursday's low.

Resistance:
* 92.87: the falling trend line from Monday's tops.
* 93.96: previous hourly resistance.
* 95.05: Aug 24th high.