Update on supports and resistances.

Resistance3 : 98
Resistance2 : 96
Resistance1 : 92.4
Last Price : 90.38
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 rebounding on its support but should be capped by its next resistance.

98
96
92.4
90.38 (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