ISE FX Japanese Yen: under pressure.

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Update on supports and resistances.

Resistance3 : 96
Resistance2 : 92.4
Resistance1 : 90
Last Price : 86.96
Pivot Point: 90
Support1 : 85
Support2 : 81.5
Support3 : 78.5

Pivot: 90

Our preference: Short positions below 90 with targets @ 85 & 81.5 in extension.

Alternative scenario: Above 90 look for further upside with 92.4 & 96 as targets.

Comment: the pair has broken below its support and remains under pressure, the RSI is badly directed.

96
92.4
90
86.96 (last)
85
81.5
78.5

*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

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