Daly Forex Update: USD/JPY

As the USD/JPY, hovering, has by mid-week already tested the 93.00 level multiple times. The 15-minute chart may offer some insight into where buying support will step in, to hold prices: Prices broke lower through 93.27, accelerating below 93.00 only to find buying support waiting at 92.79, and this support allowed the bulls to rally back up through 93.00 before losing momentum. The intraday USD/JPY is now moving sideways – waiting for the next push.