Update on supports and resistances.

Resistance3 : 105
Resistance2 : 102.5
Resistance1 : 100
Last Price : 95.72
Pivot Point: 100
Support1 : 93.6
Support2 : 91.6
Support3 : 87.5

Pivot: 100

Our preference: Short positions below 100 with targets @ 93.6 & 91.6 in extension.

Alternative scenario: Above 100 look for further upside with 102.5 & 105 as targets.

Comment: the pair is on the downside and is challenging its support, the RSI is still capped by a declining trend line.

105
102.5
100
95.72 (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