Update on supports and resistances.

Resistance3 : 98
Resistance2 : 96
Resistance1 : 93.5
Last Price : 90.15
Pivot Point: 93.5
Support1 : 90
Support2 : 87
Support3 : 85

Pivot: 93.5

Our preference: Short positions below 93.5 with targets @ 90 & 87 in extension.

Alternative scenario: Above 93.5 look for further upside with 96 & 98 as targets.

Comment: as long as the resistance at 93.5 is not surpassed, the risk of the break below 90 remains high.

98
96
93.5
90.15 (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