Update on supports and resistances.

Resistance3 : 102.5
Resistance2 : 99.65
Resistance1 : 97.5
Last Price : 93.66
Pivot Point: 97.5
Support1 : 91.6
Support2 : 90
Support3 : 87.5

Pivot: 97.5

Our preference: Short positions below 97.5 with targets @ 91.6 & 90 in extension.

Alternative scenario: Above 97.5 look for further upside with 99.65 & 102.5 as targets.

Comment: the pair remains within a bearish channel and is challenging its support, the RSI is badly directed.

102.5
99.65
97.5
93.66 (last)
91.6
90
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