Update on supports and resistances.

Resistance3 : 104
Resistance2 : 102.5
Resistance1 : 99.65
Last Price : 95.15
Pivot Point: 99.65
Support1 : 93.6
Support2 : 91.6
Support3 : 87.5

Pivot: 99.65

Our preference: Short positions below 99.65 with targets @ 93.6 & 91.6 in extension.

Alternative scenario: Above 99.65 look for further upside with 102.5 & 104 as targets.

Comment: the pair has struck against its bearish channel upper boundary and should reach its next support as the RSI is badly directed.

104
102.5
99.65
95.15 (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