Update on supports and resistances.

Resistance3 : 98
Resistance2 : 96
Resistance1 : 93.5
Last Price : 89.77
Pivot Point: 93.5
Support1 : 87
Support2 : 85
Support3 : 82.5

Pivot: 93.5

Our preference: Short positions below 93.5 with targets @ 87 & 85 in extension.

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

Comment: the RSI is badly directed, the pair remains under pressure and should reach its next support.

98
96
93.5
89.77 (last)
87
85
82.5



*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