USD/JPY: Setbacks have been very well supported on a close basis above the 92.00 handle, which offered itself as some solid former resistance now turned support, and we now look for a higher low by 91.60 ahead of some fresh upside over the coming days back through the current 2010 high by 94.75. Only back under 91.60 would negate and give reason for pause. In the interim, look for any inter-day setbacks to be well supported ahead of 93.00.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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