ISE FX Japanese Yen: rebound.

By Trading Central
12 March 2010 @ 09:20 am EDT

Update on supports and resistances.

Resistance3 : 100
Resistance2 : 96
Resistance1 : 93.5
Last Price : 90.88
Pivot Point: 88
Support1 : 88
Support2 : 86
Support3 : 81.5

Pivot: 88

Our preference: Long positions above 88 with targets @ 93.5 & 96 in extension.

Alternative scenario: Below 88 look for further downside with 86 & 81.5 as targets.

Comment: the pair is rebounding on its support and should reach its previous high.

100
96
93.5
90.88 (last)
88
86
81.5



*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

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