ISE FX Japanese Yen: under pressure.

By Trading Central
02 November 2009 @ 08:50 am EDT

Update on supports and resistances.

Resistance3 : 98
Resistance2 : 96
Resistance1 : 92.4
Last Price : 90.05
Pivot Point: 92.4
Support1 : 89.5
Support2 : 87
Support3 : 85

Pivot: 92.4

Our preference: Short positions below 92.4 with targets @ 89.5 & 87 in extension.

Alternative scenario: Above 92.4 look for further upside with 96 & 98 as targets.

Comment: the pair has struck against its resistance and is facing a weakness, the RSI is mixed to bearish.

98
96
92.4
90.05 (last)
89.5
87
85



*USD/JPY Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the JAPANESE YEN. For details go to www.ise.com

For more forex information go to www.tradingcentral.com

E-Newsletters

We value your privacy. Your email address will not be shared.

Home
World
US
Economy
Companies
Tech
Science
Global Markets
Education
Real Estate
Forex
Commodities
Gold & Silver Matters
More Sections
Fashion
Auto
Travel
Health
Law
Entertainment
Sports
Luxury
Art
Books
Tech & Trend
Tools & Features
Topics
Blogs
Market Data
Stock Watch List
Investment Calculator
Financial Glossary
Broker Center
World Business Headlines
Updates
RSS Feeds
IBTimes on Twitter
IBTimes on Facebook
E-Newsletters
Services
Forex Newsfeed
Research
Press Release
About IBTimes
News Licensing
Media Kit
Advertise with Us
About IBTimes
Contact Us
Terms of Service
Privacy Policy