Update on supports and resistances.

Resistance3 : 107.5
Resistance2 : 105
Resistance1 : 101.3
Last Price : 98.44
Pivot Point: 101.3
Support1 : 93.6
Support2 : 91.6
Support3 : 87.5

Pivot: 101.3

Our preference: Short positions below 101.3 with targets @ 93.6 & 91.6 in extension.

Alternative scenario: Above 101.3 look for further upside with 105 & 107.5 as targets.

Comment: the RSI is capped by a declining trend line, the pair is rebounding but remains under pressure.

107.5
105
101.3
98.44 (last)
93.6
91.6
87.5



*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