ISE FX Japanese Yen: rebound.

 @ibtimes
on March 09 2010 9:50 AM

Update on supports and resistances.Resistance3 : 100Resistance2 : 96Resistance1 : 93.5Last Price : 89.81Pivot Point: 88Support1 : 88Support2 : 86Support3 : 81.5Pivot: 88Our 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.1009693.589.81 (last)888681.5*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

Share this article

More News from IBT MEDIA