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Forex pairs in this Article » USD/JPY (Barcelona) - After being off to a rocky start in Asia, the Japanese has been able to fight back to the point of heading into London as the best performing currency, currently at USD 87.80 high following a session low of 88.15.

The pair has just closed on the H1 chart below the dynamic support 20ema, finding the new stability at 87.80 or thereabouts. Further pressure to the downside may expose 87.60, Jan 4 low, ahead of 87.35, sequence of highs from Jan 3.

Should the pair recover its bullish tone, 88.00 looks like the first troubling area for buyers, before recent multi-year highs at 88.35 can be re-targeted. The level should present some decent fight as it aligns with monthly lows sequence from 2009-2010.
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