Update on supports and resistances.

Resistance3 : 107.5
Resistance2 : 103.5
Resistance1 : 100
Last Price : 98.19
Pivot Point: 100
Support1 : 93.6
Support2 : 91.6
Support3 : 88.5

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 103.5 & 107.5 as targets.

Comment: the pair is approaching its strong resistance, the RSI lacks upward momentum.

107.5
103.5
100
98.19 (last)
93.6
91.6
88.5



*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