USD/JPY Push Higher.

The pair failed to take out lows at 94.88 (June 23) and is now pushing higher. This places the bias upwards.

So far resistance has held at 95.60. A push above is likely to target 96.00 and then 96.20.

A retreat below 95.30 indicates a target of 95 and beyond that 94.60 (support also at 94.85-90 area). Such a move would places the bias downward once again.

Forex Analysis by Dr. Sivaraman at ForexPros.com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check forexpros.com