Ok, i know that sounds a little ambiguous but that is what i am picking up from the attached daily and hourly USDJPY charts.
The important level to hold is the 89.70 level where i am hearing of decent buying interest still lingering around from overnight. A hold of this level maintains the integrity of the upward sloping trend channel and opens the way for us to move back to 92.50 and potentially 94.50.
A break below this level should see a quick move back to 88.00/30 and risks a retest of the 87.10 lows seen in December and January. A hold there then sees a triple bottom in place, something to keep in the back of your mind.
