Update on supports and resistances.

Resistance3 : 104
Resistance2 : 102.5
Resistance1 : 99.65
Last Price : 98
Pivot Point: 93.6
Support1 : 93.6
Support2 : 91.6
Support3 : 87.5

Pivot: 93.6

Our preference: Long positions above 93.6 with targets @ 99.65 & 102.5 in extension.

Alternative scenario: Below 93.6 look for further downside with 91.6 & 87.5 as targets.

Comment: the pair is breaking above its channel upper boundary.

104
102.5
99.65
98 (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