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Forex: USD/JPY finds support at 92.70, back to test 93.00

FXstreet.com (San Francisco) - After extending its decline from 93.65 to reach fresh intra-day low at 92.70, the USD/JPY has found support at this level with the pair trading back to test the 93.00 area.

The USD/JPY is trading at 92.90, 0.53% below opening price action. Pair is slightly bearish according to the FXstreet.com trend index. Indicators such as MACD, CCI and Momentum are bearish while the Stochastic is Bullish.

Above the 93.00 level, next resistances are at 93.30 and then 93.65. On the down side, supports are at 92.70, 92.55 and 92.20.

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