Update on supports and resistances.

Resistance3 : 102.5
Resistance2 : 99.65
Resistance1 : 98
Last Price : 97.26
Pivot Point: 98
Support1 : 94
Support2 : 91.75
Support3 : 90

Pivot: 98

Our preference: Short positions below 98 with targets @ 94 & 91.75 in extension.

Alternative scenario: Above 98 look for further upside with 99.65 & 102.5 as targets.

Comment: the pair is rebounding and is approaching its resistance, the RSI calls for caution.

102.5
99.65
98
97.26 (last)
94
91.75
90



*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