ISE FX Japanese Yen* ST: under pressure.

By @ibtimes on

Update on supports and resistances.

Resistance3 : 98
Resistance2 : 96
Resistance1 : 94
Last Price : 90.44
Pivot Point: 94
Support1 : 90
Support2 : 87
Support3 : 85

Pivot: 94

Our preference: Short positions below 94 with targets @ 90 & 87 in extension.

Alternative scenario: Above 94 look for further upside with 96 & 98 as targets.

Comment: the pair is on the downside and is challenging its support, the RSI is bearish.

98
96
94
90.44 (last)
90
87
85

*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

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