USD/JPY The pair is still meddling below the 94 resistance area. A closer test of this area is likely, but the overall bias is still down.

Although, a push above 94.00 would indicate move to 94.40. Further resistance is at 94.60 and 94.80.

After a test of 94, or the pair can not climb higher, a downward break below 93.30 would indicate a move back down. Initial target is 93 and beyond this 92.60. 92.20 is likely to provide support further down.

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