Yen failed to get back above 94.70 zone

USD/JPY Current Price: 94.50. Not much change since last update, strong rebound at 94.00 was not enough to send the pair back above 94.70 zone, that must be cleared to see the pair regain the bullish bias. Hourly indicators suggest some upside continuation for next hours, and above mentioned level, that will also imply a break of 20 SMA in the hourly, could confirm the movement.

95.10 is immediate resistance level to consider, followed by stronger 95.50 zone. “Under 94.10, selling will likely to accelerate and send the pair back to 93.70 zone.