Update on supports and resistances.

Resistance3 : 98
Resistance2 : 96
Resistance1 : 92.4
Last Price : 89.95
Pivot Point: 92.4
Support1 : 87
Support2 : 85
Support3 : 82.5

Pivot: 92.4

Our preference: Short positions below 92.4 with targets @ 87 & 85 in extension.

Alternative scenario: Above 92.4 look for further upside with 96 & 98 as targets.

Comment: the pair is posting a rebound but remains under pressure.

98
96
92.4
89.95 (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