ISE FX Japanese Yen: under pressure.

 @ibtimes
on November 05 2009 9:50 AM

Update on supports and resistances.Resistance3 : 98Resistance2 : 96Resistance1 : 92.4Last Price : 90.63Pivot Point: 92.4Support1 : 89.5Support2 : 87Support3 : 85Pivot: 92.4Our 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.989692.490.63 (last)89.58785*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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