Update on supports and resistances.

Resistance3 : 107.5
Resistance2 : 105
Resistance1 : 102.5
Last Price : 97.26
Pivot Point: 102.5
Support1 : 96.5
Support2 : 93.6
Support3 : 91.6

Pivot: 102.5

Our preference: Short positions below 102.5 with targets @ 96.5 & 93.6 in extension.

Alternative scenario: Above 102.5 look for further upside with 105 & 107.5 as targets.

Comment: the RSI is bearish and called for further decline, the pair should reach its next support.

107.5
105
102.5
97.26 (last)
96.5
93.6
91.6



*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