ISE FX Japanese Yen: under pressure.

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Update on supports and resistances.

Resistance3 : 98
Resistance2 : 96
Resistance1 : 92.4
Last Price : 90.63
Pivot Point: 92.4
Support1 : 89.5
Support2 : 87
Support3 : 85

Pivot: 92.4

Our preference: Short positions below 92.4 with targets @ 89.5 & 87 in extension.

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

Comment: the pair is under pressure and is challenging its support, the RSI is mixed to bearish.

98
96
92.4
90.63 (last)
89.5
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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